This property looks like a bad Long-Term investment with a projected -5.98% first-year return on $37,296 initial cash invested.
-5.98%
Cash On Cash
5.39%
Cap Rate
0.87
DSCR
$1,237
Rent
-$186
Cashflow
Cash Flow
$1,237 income − $1,423 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,296
Downpayment
20%
$35,520
Closing costs
1%
$1,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,237
Total Expenses
$1,423
Mortgage P&I
75%
$922
Property Taxes
9%
$116
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0