This property looks like a bad Long-Term investment with a projected -4.82% first-year return on $38,829 initial cash invested.
-4.82%
Cash On Cash
5.79%
Cap Rate
0.91
DSCR
$1,309
Rent
-$156
Cashflow
Cash Flow
$1,309 income − $1,465 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,309
Total Expenses
$1,465
Mortgage P&I
75%
$983
Property Taxes
6%
$77
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$79
Maintenance
5%
$65
Other
0%
$0