This property looks like a bad Long-Term investment with a projected -1.21% first-year return on $38,703 initial cash invested.
-1.21%
Cash On Cash
7.2%
Cap Rate
1.06
DSCR
$1,973
Rent
-$39
Cashflow
Cash Flow
$1,973 income − $2,012 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,703
Downpayment
20%
$36,860
Closing costs
1%
$1,843
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,973
Total Expenses
$2,012
Mortgage P&I
53%
$1,046
Property Taxes
19%
$383
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0