This property looks like a bad Long-Term investment with a projected -0.85% first-year return on $30,933 initial cash invested.
-0.85%
Cash On Cash
6.89%
Cap Rate
1.06
DSCR
$1,408
Rent
-$22
Cashflow
Cash Flow
$1,408 income − $1,430 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$147k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,933
Downpayment
20%
$29,460
Closing costs
1%
$1,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,408
Total Expenses
$1,430
Mortgage P&I
57%
$798
Property Taxes
15%
$211
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0