This property looks like a bad Long-Term investment with a projected -2.31% first-year return on $22,890 initial cash invested.
-2.31%
Cash On Cash
6.89%
Cap Rate
1.02
DSCR
$1,128
Rent
-$44
Cashflow
Cash Flow
$1,128 income − $1,172 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$109k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$22,890
Downpayment
20%
$21,800
Closing costs
1%
$1,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,128
Total Expenses
$1,172
Mortgage P&I
54%
$614
Property Taxes
20%
$227
Home Insurance
3%
$38
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0