This property looks like a bad Long-Term investment with a projected -1.2% first-year return on $31,983 initial cash invested.
-1.2%
Cash On Cash
7.08%
Cap Rate
1.04
DSCR
$1,271
Rent
-$32
Cashflow
Cash Flow
$1,271 income − $1,303 expenses = $32 out of pocket
Investment Breakdown
|
Purchase Price
$152k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,271
Total Expenses
$1,303
Mortgage P&I
68%
$867
Property Taxes
3%
$44
Home Insurance
5%
$61
HOA
0%
$0
Property Management
10%
$127
CapEx
5%
$64
Vacancy
6%
$76
Maintenance
5%
$64
Other
0%
$0