This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $37,779 initial cash invested.
-13.82%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$959
Rent
-$435
Cashflow
Cash Flow
$959 income − $1,394 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.0%
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
$959
Total Expenses
$1,394
Mortgage P&I
100%
$961
Property Taxes
13%
$120
Home Insurance
7%
$63
HOA
0%
$0
Property Management
10%
$96
CapEx
5%
$48
Vacancy
6%
$58
Maintenance
5%
$48
Other
0%
$0