This property looks like a bad Long-Term investment with a projected -1.64% first-year return on $25,620 initial cash invested.
-1.64%
Cash On Cash
6.91%
Cap Rate
1.05
DSCR
$1,319
Rent
-$35
Cashflow
Cash Flow
$1,319 income − $1,354 expenses = $35 out of pocket
Investment Breakdown
|
Purchase Price
$122k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$25,620
Downpayment
20%
$24,400
Closing costs
1%
$1,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,319
Total Expenses
$1,354
Mortgage P&I
51%
$672
Property Taxes
22%
$296
Home Insurance
3%
$43
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0