This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $25,200 initial cash invested.
-7.05%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$954
Rent
-$148
Cashflow
Cash Flow
$954 income − $1,102 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$25,200
Downpayment
20%
$24,000
Closing costs
1%
$1,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$954
Total Expenses
$1,102
Mortgage P&I
66%
$627
Property Taxes
19%
$185
Home Insurance
4%
$42
HOA
0%
$0
Property Management
10%
$95
CapEx
5%
$48
Vacancy
6%
$57
Maintenance
5%
$48
Other
0%
$0