This property looks like a bad Long-Term investment with a projected -8.14% first-year return on $37,464 initial cash invested.
-8.14%
Cash On Cash
5.56%
Cap Rate
0.82
DSCR
$1,425
Rent
-$254
Cashflow
Cash Flow
$1,425 income − $1,679 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,464
Downpayment
20%
$35,680
Closing costs
1%
$1,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,425
Total Expenses
$1,679
Mortgage P&I
71%
$1,010
Property Taxes
17%
$248
Home Insurance
4%
$51
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0