This property looks like a bad Long-Term investment with a projected -1.53% first-year return on $38,451 initial cash invested.
-1.53%
Cash On Cash
6.92%
Cap Rate
1.04
DSCR
$1,854
Rent
-$49
Cashflow
Cash Flow
$1,854 income − $1,903 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,451
Downpayment
20%
$36,620
Closing costs
1%
$1,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,854
Total Expenses
$1,903
Mortgage P&I
55%
$1,012
Property Taxes
19%
$344
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0