This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $38,808 initial cash invested.
-8.19%
Cash On Cash
5.46%
Cap Rate
0.81
DSCR
$1,359
Rent
-$265
Cashflow
Cash Flow
$1,359 income − $1,624 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,808
Downpayment
20%
$36,960
Closing costs
1%
$1,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,359
Total Expenses
$1,624
Mortgage P&I
76%
$1,038
Property Taxes
12%
$166
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0