This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $38,514 initial cash invested.
-20.88%
Cash On Cash
2.92%
Cap Rate
0.43
DSCR
$1,586
Rent
-$670
Cashflow
Cash Flow
$1,586 income − $2,256 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,514
Downpayment
20%
$36,680
Closing costs
1%
$1,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,586
Total Expenses
$2,256
Mortgage P&I
65%
$1,038
Property Taxes
47%
$741
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0