This property looks like a bad Long-Term investment with a projected -18.53% first-year return on $31,983 initial cash invested.
-18.53%
Cash On Cash
3.17%
Cap Rate
0.47
DSCR
$848
Rent
-$494
Cashflow
Cash Flow
$848 income − $1,342 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$152k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,983
Downpayment
20%
$30,460
Closing costs
1%
$1,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$848
Total Expenses
$1,342
Mortgage P&I
101%
$854
Property Taxes
14%
$120
Home Insurance
8%
$66
HOA
10%
$82
Property Management
10%
$85
CapEx
5%
$42
Vacancy
6%
$51
Maintenance
5%
$42
Other
0%
$0