This property looks like a bad Long-Term investment with a projected -5.91% first-year return on $28,854 initial cash invested.
-5.91%
Cash On Cash
5.89%
Cap Rate
0.89
DSCR
$1,161
Rent
-$142
Cashflow
Cash Flow
$1,161 income − $1,303 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$137k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$28,854
Downpayment
20%
$27,480
Closing costs
1%
$1,374
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,161
Total Expenses
$1,303
Mortgage P&I
65%
$758
Property Taxes
16%
$182
Home Insurance
5%
$61
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0