This property looks like a bad Long-Term investment with a projected -1.09% first-year return on $29,820 initial cash invested.
-1.09%
Cash On Cash
7.12%
Cap Rate
1.06
DSCR
$1,491
Rent
-$27
Cashflow
Cash Flow
$1,491 income − $1,518 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$142k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,820
Downpayment
20%
$28,400
Closing costs
1%
$1,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,491
Total Expenses
$1,518
Mortgage P&I
53%
$794
Property Taxes
18%
$268
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$89
Maintenance
5%
$75
Other
0%
$0