This property looks like a bad Long-Term investment with a projected -1.37% first-year return on $28,980 initial cash invested.
-1.37%
Cash On Cash
6.72%
Cap Rate
1.04
DSCR
$1,319
Rent
-$33
Cashflow
Cash Flow
$1,319 income − $1,352 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$138k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$28,980
Downpayment
20%
$27,600
Closing costs
1%
$1,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,319
Total Expenses
$1,352
Mortgage P&I
56%
$740
Property Taxes
17%
$221
Home Insurance
4%
$48
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0