This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $22,050 initial cash invested.
-5.93%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$914
Rent
-$109
Cashflow
Cash Flow
$914 income − $1,023 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$105k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$22,050
Downpayment
20%
$21,000
Closing costs
1%
$1,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$914
Total Expenses
$1,023
Mortgage P&I
65%
$591
Property Taxes
17%
$157
Home Insurance
4%
$37
HOA
0%
$0
Property Management
10%
$91
CapEx
5%
$46
Vacancy
6%
$55
Maintenance
5%
$46
Other
0%
$0