This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $37,779 initial cash invested.
-7.94%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$1,279
Rent
-$250
Cashflow
Cash Flow
$1,279 income − $1,529 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,279
Total Expenses
$1,529
Mortgage P&I
79%
$1,010
Property Taxes
10%
$123
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0