This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $38,640 initial cash invested.
-6.65%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$1,360
Rent
-$214
Cashflow
Cash Flow
$1,360 income − $1,574 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,640
Downpayment
20%
$36,800
Closing costs
1%
$1,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,360
Total Expenses
$1,574
Mortgage P&I
75%
$1,015
Property Taxes
10%
$139
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0