This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $38,850 initial cash invested.
-5.68%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$1,499
Rent
-$184
Cashflow
Cash Flow
$1,499 income − $1,683 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,499
Total Expenses
$1,683
Mortgage P&I
68%
$1,020
Property Taxes
14%
$208
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0