This property looks like a bad Long-Term investment with a projected -4.61% first-year return on $39,291 initial cash invested.
-4.61%
Cash On Cash
5.77%
Cap Rate
0.92
DSCR
$1,400
Rent
-$151
Cashflow
Cash Flow
$1,400 income − $1,551 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,291
Downpayment
20%
$37,420
Closing costs
1%
$1,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,400
Total Expenses
$1,551
Mortgage P&I
70%
$981
Property Taxes
12%
$168
Home Insurance
3%
$38
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0