This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $49,395 initial cash invested.
-3.74%
Cash On Cash
6.04%
Cap Rate
0.89
DSCR
$1,536
Rent
-$154
Cashflow
Cash Flow
$1,536 income − $1,690 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,395
Downpayment
20%
$29,900
Closing costs
1%
$1,495
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,536
Total Expenses
$1,690
Mortgage P&I
55%
$846
Property Taxes
18%
$269
Home Insurance
4%
$54
HOA
0%
$0
Property Management
12%
$184
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$169