This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $37,779 initial cash invested.
-7.4%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$1,449
Rent
-$233
Cashflow
Cash Flow
$1,449 income − $1,682 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,449
Total Expenses
$1,682
Mortgage P&I
68%
$990
Property Taxes
17%
$253
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0