This property looks like a bad Long-Term investment with a projected -0.34% first-year return on $38,388 initial cash invested.
-0.34%
Cash On Cash
6.9%
Cap Rate
1.06
DSCR
$1,492
Rent
-$11
Cashflow
Cash Flow
$1,492 income − $1,503 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,388
Downpayment
20%
$36,560
Closing costs
1%
$1,828
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,492
Total Expenses
$1,503
Mortgage P&I
66%
$987
Property Taxes
3%
$47
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0