This property looks like a bad Long-Term investment with a projected -3.16% first-year return on $31,500 initial cash invested.
-3.16%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$1,160
Rent
-$83
Cashflow
Cash Flow
$1,160 income − $1,243 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,160
Total Expenses
$1,243
Mortgage P&I
71%
$829
Property Taxes
5%
$60
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0