This property looks like a bad Long-Term investment with a projected -4.74% first-year return on $38,703 initial cash invested.
-4.74%
Cash On Cash
6.28%
Cap Rate
0.93
DSCR
$1,500
Rent
-$153
Cashflow
Cash Flow
$1,500 income − $1,653 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,500
Total Expenses
$1,653
Mortgage P&I
69%
$1,042
Property Taxes
11%
$161
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0