This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $38,367 initial cash invested.
-8.95%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$1,309
Rent
-$286
Cashflow
Cash Flow
$1,309 income − $1,595 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,367
Downpayment
20%
$36,540
Closing costs
1%
$1,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,309
Total Expenses
$1,595
Mortgage P&I
78%
$1,017
Property Taxes
14%
$178
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$79
Maintenance
5%
$65
Other
0%
$0