This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $31,773 initial cash invested.
-6.38%
Cash On Cash
5.87%
Cap Rate
0.87
DSCR
$1,100
Rent
-$169
Cashflow
Cash Flow
$1,100 income − $1,269 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$151k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,773
Downpayment
20%
$30,260
Closing costs
1%
$1,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,100
Total Expenses
$1,269
Mortgage P&I
78%
$854
Property Taxes
5%
$54
Home Insurance
7%
$75
HOA
0%
$0
Property Management
10%
$110
CapEx
5%
$55
Vacancy
6%
$66
Maintenance
5%
$55
Other
0%
$0