This property looks like a bad Long-Term investment with a projected -1.67% first-year return on $38,094 initial cash invested.
-1.67%
Cash On Cash
6.69%
Cap Rate
1.03
DSCR
$1,624
Rent
-$53
Cashflow
Cash Flow
$1,624 income − $1,677 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,094
Downpayment
20%
$36,280
Closing costs
1%
$1,814
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,624
Total Expenses
$1,677
Mortgage P&I
61%
$983
Property Taxes
13%
$208
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0