This property looks like a bad Long-Term investment with a projected -1.16% first-year return on $39,270 initial cash invested.
-1.16%
Cash On Cash
7.07%
Cap Rate
1.05
DSCR
$1,783
Rent
-$38
Cashflow
Cash Flow
$1,783 income − $1,821 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,270
Downpayment
20%
$37,400
Closing costs
1%
$1,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$1,821
Mortgage P&I
59%
$1,051
Property Taxes
13%
$237
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0