This property looks like a bad Long-Term investment with a projected -1.27% first-year return on $38,829 initial cash invested.
-1.27%
Cash On Cash
6.62%
Cap Rate
1.03
DSCR
$1,470
Rent
-$41
Cashflow
Cash Flow
$1,470 income − $1,511 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,470
Total Expenses
$1,511
Mortgage P&I
67%
$987
Property Taxes
6%
$89
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0