This property looks like a bad Long-Term investment with a projected -3.51% first-year return on $39,291 initial cash invested.
-3.51%
Cash On Cash
5.97%
Cap Rate
0.96
DSCR
$1,488
Rent
-$115
Cashflow
Cash Flow
$1,488 income − $1,603 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,291
Downpayment
20%
$37,420
Closing costs
1%
$1,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,488
Total Expenses
$1,603
Mortgage P&I
65%
$972
Property Taxes
10%
$154
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0