This property looks like a bad Long-Term investment with a projected -2.03% first-year return on $30,681 initial cash invested.
-2.03%
Cash On Cash
6.52%
Cap Rate
1.01
DSCR
$1,191
Rent
-$52
Cashflow
Cash Flow
$1,191 income − $1,243 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$146k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,681
Downpayment
20%
$29,220
Closing costs
1%
$1,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,191
Total Expenses
$1,243
Mortgage P&I
66%
$786
Property Taxes
8%
$96
Home Insurance
4%
$51
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$71
Maintenance
5%
$60
Other
0%
$0