This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $31,290 initial cash invested.
-9.17%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$1,161
Rent
-$239
Cashflow
Cash Flow
$1,161 income − $1,400 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$149k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,290
Downpayment
20%
$29,800
Closing costs
1%
$1,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,161
Total Expenses
$1,400
Mortgage P&I
71%
$821
Property Taxes
19%
$225
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0