This property looks like a bad Long-Term investment with a projected -1.89% first-year return on $31,689 initial cash invested.
-1.89%
Cash On Cash
6.72%
Cap Rate
1.02
DSCR
$1,279
Rent
-$50
Cashflow
Cash Flow
$1,279 income − $1,329 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$151k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,689
Downpayment
20%
$30,180
Closing costs
1%
$1,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,279
Total Expenses
$1,329
Mortgage P&I
65%
$831
Property Taxes
9%
$112
Home Insurance
4%
$53
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0