This property looks like a bad Long-Term investment with a projected -3.14% first-year return on $37,800 initial cash invested.
-3.14%
Cash On Cash
6.51%
Cap Rate
0.99
DSCR
$1,873
Rent
-$99
Cashflow
Cash Flow
$1,873 income − $1,972 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,873
Total Expenses
$1,972
Mortgage P&I
52%
$982
Property Taxes
23%
$440
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0