This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $38,157 initial cash invested.
-8.3%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$1,178
Rent
-$264
Cashflow
Cash Flow
$1,178 income − $1,442 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,157
Downpayment
20%
$36,340
Closing costs
1%
$1,817
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,178
Total Expenses
$1,442
Mortgage P&I
85%
$1,007
Property Taxes
5%
$63
Home Insurance
6%
$65
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0