This property looks like a bad Long-Term investment with a projected -14.76% first-year return on $38,850 initial cash invested.
-14.76%
Cash On Cash
4.09%
Cap Rate
0.6
DSCR
$1,277
Rent
-$478
Cashflow
Cash Flow
$1,277 income − $1,755 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,277
Total Expenses
$1,755
Mortgage P&I
82%
$1,045
Property Taxes
24%
$312
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0