This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $37,779 initial cash invested.
-10.83%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$1,396
Rent
-$341
Cashflow
Cash Flow
$1,396 income − $1,737 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,396
Total Expenses
$1,737
Mortgage P&I
70%
$979
Property Taxes
24%
$331
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0