This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $39,270 initial cash invested.
-16.13%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$1,223
Rent
-$528
Cashflow
Cash Flow
$1,223 income − $1,751 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,270
Downpayment
20%
$37,400
Closing costs
1%
$1,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,223
Total Expenses
$1,751
Mortgage P&I
84%
$1,029
Property Taxes
28%
$340
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0