This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $32,550 initial cash invested.
-5.42%
Cash On Cash
6.09%
Cap Rate
0.91
DSCR
$1,300
Rent
-$147
Cashflow
Cash Flow
$1,300 income − $1,447 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,550
Downpayment
20%
$31,000
Closing costs
1%
$1,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,300
Total Expenses
$1,447
Mortgage P&I
67%
$868
Property Taxes
14%
$187
Home Insurance
4%
$54
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0