This property looks like a bad Long-Term investment with a projected -2.85% first-year return on $38,724 initial cash invested.
-2.85%
Cash On Cash
6.68%
Cap Rate
1
DSCR
$1,731
Rent
-$92
Cashflow
Cash Flow
$1,731 income − $1,823 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,724
Downpayment
20%
$36,880
Closing costs
1%
$1,844
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,731
Total Expenses
$1,823
Mortgage P&I
60%
$1,031
Property Taxes
16%
$275
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0