This property looks like a bad Long-Term investment with a projected -2.69% first-year return on $38,430 initial cash invested.
-2.69%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$1,529
Rent
-$86
Cashflow
Cash Flow
$1,529 income − $1,615 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,529
Total Expenses
$1,615
Mortgage P&I
64%
$983
Property Taxes
11%
$174
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0