This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $30,597 initial cash invested.
-8.67%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$1,209
Rent
-$221
Cashflow
Cash Flow
$1,209 income − $1,430 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$146k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,597
Downpayment
20%
$29,140
Closing costs
1%
$1,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,209
Total Expenses
$1,430
Mortgage P&I
65%
$790
Property Taxes
23%
$274
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$73
Maintenance
5%
$60
Other
0%
$0