This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $56,850 initial cash invested.
-3.34%
Cash On Cash
6.25%
Cap Rate
0.92
DSCR
$1,916
Rent
-$158
Cashflow
Cash Flow
$1,916 income − $2,074 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,916
Total Expenses
$2,074
Mortgage P&I
55%
$1,045
Property Taxes
16%
$312
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211