This property looks like a bad Long-Term investment with a projected -0.9% first-year return on $38,850 initial cash invested.
-0.9%
Cash On Cash
6.86%
Cap Rate
1.05
DSCR
$1,585
Rent
-$29
Cashflow
Cash Flow
$1,585 income − $1,614 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,585
Total Expenses
$1,614
Mortgage P&I
64%
$1,007
Property Taxes
8%
$131
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0