This property looks like a bad Long-Term investment with a projected -0.95% first-year return on $31,500 initial cash invested.
-0.95%
Cash On Cash
6.96%
Cap Rate
1.05
DSCR
$1,329
Rent
-$25
Cashflow
Cash Flow
$1,329 income − $1,354 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,329
Total Expenses
$1,354
Mortgage P&I
62%
$829
Property Taxes
10%
$128
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0