This property looks like a bad Long-Term investment with a projected -3.7% first-year return on $32,088 initial cash invested.
-3.7%
Cash On Cash
6.5%
Cap Rate
0.97
DSCR
$1,401
Rent
-$99
Cashflow
Cash Flow
$1,401 income − $1,500 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$153k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,088
Downpayment
20%
$30,560
Closing costs
1%
$1,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,401
Total Expenses
$1,500
Mortgage P&I
61%
$857
Property Taxes
16%
$224
Home Insurance
4%
$55
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0