This property looks like a bad Long-Term investment with a projected -1.89% first-year return on $26,040 initial cash invested.
-1.89%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$1,050
Rent
-$41
Cashflow
Cash Flow
$1,050 income − $1,091 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$124k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$26,040
Downpayment
20%
$24,800
Closing costs
1%
$1,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,050
Total Expenses
$1,091
Mortgage P&I
66%
$691
Property Taxes
8%
$85
Home Insurance
4%
$43
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0