This property looks like a bad Long-Term investment with a projected -1.64% first-year return on $31,479 initial cash invested.
-1.64%
Cash On Cash
6.77%
Cap Rate
1.02
DSCR
$1,218
Rent
-$43
Cashflow
Cash Flow
$1,218 income − $1,261 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,479
Downpayment
20%
$29,980
Closing costs
1%
$1,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,218
Total Expenses
$1,261
Mortgage P&I
68%
$828
Property Taxes
5%
$64
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0