This property looks like a bad Long-Term investment with a projected -3.84% first-year return on $37,800 initial cash invested.
-3.84%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$1,725
Rent
-$121
Cashflow
Cash Flow
$1,725 income − $1,846 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,725
Total Expenses
$1,846
Mortgage P&I
58%
$996
Property Taxes
20%
$339
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0