This property looks like a bad Long-Term investment with a projected -3.32% first-year return on $32,550 initial cash invested.
-3.32%
Cash On Cash
6.54%
Cap Rate
0.97
DSCR
$1,226
Rent
-$90
Cashflow
Cash Flow
$1,226 income − $1,316 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,550
Downpayment
20%
$31,000
Closing costs
1%
$1,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,226
Total Expenses
$1,316
Mortgage P&I
71%
$874
Property Taxes
6%
$69
Home Insurance
4%
$54
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0