This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $38,913 initial cash invested.
-9.47%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$1,202
Rent
-$307
Cashflow
Cash Flow
$1,202 income − $1,509 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,913
Downpayment
20%
$37,060
Closing costs
1%
$1,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,202
Total Expenses
$1,509
Mortgage P&I
84%
$1,013
Property Taxes
10%
$118
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0