This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $39,144 initial cash invested.
-7.76%
Cash On Cash
5.59%
Cap Rate
0.83
DSCR
$1,396
Rent
-$253
Cashflow
Cash Flow
$1,396 income − $1,649 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,144
Downpayment
20%
$37,280
Closing costs
1%
$1,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,396
Total Expenses
$1,649
Mortgage P&I
75%
$1,051
Property Taxes
12%
$171
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0