This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $38,136 initial cash invested.
-5.32%
Cash On Cash
6.17%
Cap Rate
0.93
DSCR
$1,961
Rent
-$169
Cashflow
Cash Flow
$1,961 income − $2,130 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,136
Downpayment
20%
$36,320
Closing costs
1%
$1,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,130
Mortgage P&I
51%
$1,005
Property Taxes
28%
$550
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0