This property looks like a bad Long-Term investment with a projected -3.28% first-year return on $30,030 initial cash invested.
-3.28%
Cash On Cash
6.65%
Cap Rate
0.99
DSCR
$1,470
Rent
-$82
Cashflow
Cash Flow
$1,470 income − $1,552 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$143k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,030
Downpayment
20%
$28,600
Closing costs
1%
$1,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,470
Total Expenses
$1,552
Mortgage P&I
54%
$801
Property Taxes
22%
$318
Home Insurance
3%
$50
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0