This property looks like a bad Long-Term investment with a projected -2.22% first-year return on $38,850 initial cash invested.
-2.22%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$1,522
Rent
-$72
Cashflow
Cash Flow
$1,522 income − $1,594 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,522
Total Expenses
$1,594
Mortgage P&I
66%
$1,007
Property Taxes
8%
$127
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0