This property looks like a bad Long-Term investment with a projected -0.62% first-year return on $38,850 initial cash invested.
-0.62%
Cash On Cash
6.69%
Cap Rate
1.07
DSCR
$1,675
Rent
-$20
Cashflow
Cash Flow
$1,675 income − $1,695 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,675
Total Expenses
$1,695
Mortgage P&I
58%
$967
Property Taxes
14%
$227
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0