This property looks like a bad Long-Term investment with a projected -1.19% first-year return on $38,472 initial cash invested.
-1.19%
Cash On Cash
7.05%
Cap Rate
1.07
DSCR
$2,093
Rent
-$38
Cashflow
Cash Flow
$2,093 income − $2,131 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,472
Downpayment
20%
$36,640
Closing costs
1%
$1,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$2,131
Mortgage P&I
48%
$1,010
Property Taxes
17%
$366
Home Insurance
3%
$66
HOA
7%
$144
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0