This property looks like a bad Long-Term investment with a projected -7.85% first-year return on $38,850 initial cash invested.
-7.85%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$1,339
Rent
-$254
Cashflow
Cash Flow
$1,339 income − $1,593 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,339
Total Expenses
$1,593
Mortgage P&I
76%
$1,017
Property Taxes
12%
$163
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0