This property looks like a bad Long-Term investment with a projected -3.34% first-year return on $37,779 initial cash invested.
-3.34%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$1,382
Rent
-$105
Cashflow
Cash Flow
$1,382 income − $1,487 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,382
Total Expenses
$1,487
Mortgage P&I
70%
$974
Property Taxes
7%
$91
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0