This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $55,779 initial cash invested.
-4.22%
Cash On Cash
5.49%
Cap Rate
0.86
DSCR
$1,438
Rent
-$196
Cashflow
Cash Flow
$1,438 income − $1,634 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,438
Total Expenses
$1,634
Mortgage P&I
67%
$961
Property Taxes
8%
$120
Home Insurance
4%
$63
HOA
0%
$0
Property Management
12%
$173
CapEx
4%
$58
Vacancy
3%
$43
Maintenance
4%
$58
Other
11%
$158