This property looks like a bad Long-Term investment with a projected -8% first-year return on $31,185 initial cash invested.
-8%
Cash On Cash
5.64%
Cap Rate
0.83
DSCR
$1,378
Rent
-$208
Cashflow
Cash Flow
$1,378 income − $1,586 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$149k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,185
Downpayment
20%
$29,700
Closing costs
1%
$1,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,378
Total Expenses
$1,586
Mortgage P&I
61%
$837
Property Taxes
25%
$338
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0