This property looks like a bad Long-Term investment with a projected -1.78% first-year return on $37,800 initial cash invested.
-1.78%
Cash On Cash
6.88%
Cap Rate
1.03
DSCR
$1,655
Rent
-$56
Cashflow
Cash Flow
$1,655 income − $1,711 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,655
Total Expenses
$1,711
Mortgage P&I
61%
$1,005
Property Taxes
13%
$212
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0