This property looks like a bad Long-Term investment with a projected -1.19% first-year return on $38,367 initial cash invested.
-1.19%
Cash On Cash
6.85%
Cap Rate
1.04
DSCR
$1,638
Rent
-$38
Cashflow
Cash Flow
$1,638 income − $1,676 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,367
Downpayment
20%
$36,540
Closing costs
1%
$1,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,638
Total Expenses
$1,676
Mortgage P&I
61%
$999
Property Taxes
11%
$186
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0