This property looks like a bad Long-Term investment with a projected -3.03% first-year return on $24,129 initial cash invested.
-3.03%
Cash On Cash
6.62%
Cap Rate
0.98
DSCR
$905
Rent
-$61
Cashflow
Cash Flow
$905 income − $966 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$115k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,129
Downpayment
20%
$22,980
Closing costs
1%
$1,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$905
Total Expenses
$966
Mortgage P&I
72%
$650
Property Taxes
5%
$42
Home Insurance
4%
$40
HOA
0%
$0
Property Management
10%
$90
CapEx
5%
$45
Vacancy
6%
$54
Maintenance
5%
$45
Other
0%
$0