This property looks like a bad Long-Term investment with a projected -1.73% first-year return on $30,450 initial cash invested.
-1.73%
Cash On Cash
6.23%
Cap Rate
1.02
DSCR
$1,211
Rent
-$44
Cashflow
Cash Flow
$1,211 income − $1,255 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,450
Downpayment
20%
$29,000
Closing costs
1%
$1,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,211
Total Expenses
$1,255
Mortgage P&I
61%
$736
Property Taxes
13%
$152
Home Insurance
4%
$51
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0