This property looks like a bad Long-Term investment with a projected -2.05% first-year return on $39,186 initial cash invested.
-2.05%
Cash On Cash
6.26%
Cap Rate
1.01
DSCR
$1,451
Rent
-$67
Cashflow
Cash Flow
$1,451 income − $1,518 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,186
Downpayment
20%
$37,320
Closing costs
1%
$1,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,451
Total Expenses
$1,518
Mortgage P&I
67%
$968
Property Taxes
7%
$107
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0