This property looks like a bad Long-Term investment with a projected -3.81% first-year return on $37,779 initial cash invested.
-3.81%
Cash On Cash
6.11%
Cap Rate
0.94
DSCR
$1,276
Rent
-$120
Cashflow
Cash Flow
$1,276 income − $1,396 expenses = $120 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
$1,276
Total Expenses
$1,396
Mortgage P&I
76%
$972
Property Taxes
2%
$28
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0