This property looks like a bad Long-Term investment with a projected -2.32% first-year return on $37,779 initial cash invested.
-2.32%
Cash On Cash
6.59%
Cap Rate
1.01
DSCR
$1,573
Rent
-$73
Cashflow
Cash Flow
$1,573 income − $1,646 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,573
Total Expenses
$1,646
Mortgage P&I
62%
$982
Property Taxes
12%
$192
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0