This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $39,186 initial cash invested.
-16.29%
Cash On Cash
3.74%
Cap Rate
0.55
DSCR
$1,275
Rent
-$532
Cashflow
Cash Flow
$1,275 income − $1,807 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,186
Downpayment
20%
$37,320
Closing costs
1%
$1,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,275
Total Expenses
$1,807
Mortgage P&I
82%
$1,050
Property Taxes
28%
$359
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$76
Maintenance
5%
$64
Other
0%
$0