This property looks like a bad Long-Term investment with a projected -5.95% first-year return on $26,439 initial cash invested.
-5.95%
Cash On Cash
5.98%
Cap Rate
0.89
DSCR
$996
Rent
-$131
Cashflow
Cash Flow
$996 income − $1,127 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$126k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$26,439
Downpayment
20%
$25,180
Closing costs
1%
$1,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$996
Total Expenses
$1,127
Mortgage P&I
71%
$708
Property Taxes
7%
$72
Home Insurance
9%
$87
HOA
0%
$0
Property Management
10%
$100
CapEx
5%
$50
Vacancy
6%
$60
Maintenance
5%
$50
Other
0%
$0