This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $31,479 initial cash invested.
-2.9%
Cash On Cash
6.52%
Cap Rate
1
DSCR
$1,503
Rent
-$76
Cashflow
Cash Flow
$1,503 income − $1,579 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,479
Downpayment
20%
$29,980
Closing costs
1%
$1,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$1,579
Mortgage P&I
54%
$816
Property Taxes
21%
$321
Home Insurance
3%
$52
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0