This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $38,850 initial cash invested.
-5.71%
Cash On Cash
5.84%
Cap Rate
0.88
DSCR
$1,285
Rent
-$185
Cashflow
Cash Flow
$1,285 income − $1,470 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,285
Total Expenses
$1,470
Mortgage P&I
80%
$1,022
Property Taxes
4%
$50
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0