This property looks like a bad Long-Term investment with a projected -3.03% first-year return on $38,472 initial cash invested.
-3.03%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$1,564
Rent
-$97
Cashflow
Cash Flow
$1,564 income − $1,661 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,472
Downpayment
20%
$36,640
Closing costs
1%
$1,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,564
Total Expenses
$1,661
Mortgage P&I
65%
$1,012
Property Taxes
11%
$179
Home Insurance
4%
$64
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0