This property looks like a bad Long-Term investment with a projected -9.29% first-year return on $37,590 initial cash invested.
-9.29%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$1,299
Rent
-$291
Cashflow
Cash Flow
$1,299 income − $1,590 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$179k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,590
Downpayment
20%
$35,800
Closing costs
1%
$1,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,299
Total Expenses
$1,590
Mortgage P&I
76%
$986
Property Taxes
16%
$203
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0