This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $38,598 initial cash invested.
-11.35%
Cash On Cash
4.47%
Cap Rate
0.71
DSCR
$1,630
Rent
-$365
Cashflow
Cash Flow
$1,630 income − $1,995 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,598
Downpayment
20%
$36,760
Closing costs
1%
$1,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,630
Total Expenses
$1,995
Mortgage P&I
59%
$968
Property Taxes
27%
$436
Home Insurance
10%
$166
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0