This property looks like a bad Long-Term investment with a projected -2.13% first-year return on $38,850 initial cash invested.
-2.13%
Cash On Cash
6.45%
Cap Rate
1
DSCR
$1,424
Rent
-$69
Cashflow
Cash Flow
$1,424 income − $1,493 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,424
Total Expenses
$1,493
Mortgage P&I
70%
$992
Property Taxes
5%
$67
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0