This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $38,010 initial cash invested.
-6.16%
Cash On Cash
5.86%
Cap Rate
0.88
DSCR
$1,423
Rent
-$195
Cashflow
Cash Flow
$1,423 income − $1,618 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,010
Downpayment
20%
$36,200
Closing costs
1%
$1,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,423
Total Expenses
$1,618
Mortgage P&I
71%
$1,008
Property Taxes
12%
$175
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0