This property looks like a bad Long-Term investment with a projected -2.01% first-year return on $31,710 initial cash invested.
-2.01%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$1,566
Rent
-$53
Cashflow
Cash Flow
$1,566 income − $1,619 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$151k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,710
Downpayment
20%
$30,200
Closing costs
1%
$1,510
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,566
Total Expenses
$1,619
Mortgage P&I
54%
$850
Property Taxes
19%
$301
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0