This property looks like a bad Long-Term investment with a projected -1.81% first-year return on $38,430 initial cash invested.
-1.81%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$1,553
Rent
-$58
Cashflow
Cash Flow
$1,553 income − $1,611 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,553
Total Expenses
$1,611
Mortgage P&I
65%
$1,015
Property Taxes
8%
$120
Home Insurance
5%
$72
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0