This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $37,947 initial cash invested.
-8.06%
Cash On Cash
5.19%
Cap Rate
0.8
DSCR
$1,231
Rent
-$255
Cashflow
Cash Flow
$1,231 income − $1,486 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,947
Downpayment
20%
$36,140
Closing costs
1%
$1,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,231
Total Expenses
$1,486
Mortgage P&I
79%
$974
Property Taxes
10%
$126
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0