This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $29,379 initial cash invested.
-7.39%
Cash On Cash
5.75%
Cap Rate
0.85
DSCR
$1,264
Rent
-$181
Cashflow
Cash Flow
$1,264 income − $1,445 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,379
Downpayment
20%
$27,980
Closing costs
1%
$1,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,264
Total Expenses
$1,445
Mortgage P&I
62%
$788
Property Taxes
22%
$280
Home Insurance
4%
$49
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0