This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $37,821 initial cash invested.
-8.76%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$1,122
Rent
-$276
Cashflow
Cash Flow
$1,122 income − $1,398 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,821
Downpayment
20%
$36,020
Closing costs
1%
$1,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,122
Total Expenses
$1,398
Mortgage P&I
85%
$959
Property Taxes
7%
$78
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$112
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0