This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $28,350 initial cash invested.
-5.93%
Cash On Cash
6.05%
Cap Rate
0.89
DSCR
$1,156
Rent
-$140
Cashflow
Cash Flow
$1,156 income − $1,296 expenses = $140 out of pocket
Investment Breakdown
|
Purchase Price
$135k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$28,350
Downpayment
20%
$27,000
Closing costs
1%
$1,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,156
Total Expenses
$1,296
Mortgage P&I
66%
$763
Property Taxes
16%
$185
Home Insurance
4%
$47
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0