This property looks like a bad Long-Term investment with a projected -4.08% first-year return on $24,696 initial cash invested.
-4.08%
Cash On Cash
6.22%
Cap Rate
0.94
DSCR
$877
Rent
-$84
Cashflow
Cash Flow
$877 income − $961 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$118k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,696
Downpayment
20%
$23,520
Closing costs
1%
$1,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$877
Total Expenses
$961
Mortgage P&I
74%
$650
Property Taxes
4%
$37
Home Insurance
5%
$45
HOA
0%
$0
Property Management
10%
$88
CapEx
5%
$44
Vacancy
6%
$53
Maintenance
5%
$44
Other
0%
$0