This property looks like a bad Long-Term investment with a projected -1.67% first-year return on $38,850 initial cash invested.
-1.67%
Cash On Cash
6.39%
Cap Rate
1.02
DSCR
$1,438
Rent
-$54
Cashflow
Cash Flow
$1,438 income − $1,492 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,438
Total Expenses
$1,492
Mortgage P&I
67%
$967
Property Taxes
6%
$86
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0