This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $31,059 initial cash invested.
-6.72%
Cash On Cash
5.76%
Cap Rate
0.86
DSCR
$1,132
Rent
-$174
Cashflow
Cash Flow
$1,132 income − $1,306 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$148k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,059
Downpayment
20%
$29,580
Closing costs
1%
$1,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,132
Total Expenses
$1,306
Mortgage P&I
73%
$827
Property Taxes
12%
$132
Home Insurance
5%
$52
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0