This property looks like a bad Long-Term investment with a projected -0.4% first-year return on $38,787 initial cash invested.
-0.4%
Cash On Cash
7.15%
Cap Rate
1.08
DSCR
$1,824
Rent
-$13
Cashflow
Cash Flow
$1,824 income − $1,837 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,787
Downpayment
20%
$36,940
Closing costs
1%
$1,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,824
Total Expenses
$1,837
Mortgage P&I
56%
$1,022
Property Taxes
15%
$272
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0