This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $28,917 initial cash invested.
-2.99%
Cash On Cash
6.59%
Cap Rate
0.98
DSCR
$1,128
Rent
-$72
Cashflow
Cash Flow
$1,128 income − $1,200 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$138k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$28,917
Downpayment
20%
$27,540
Closing costs
1%
$1,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,128
Total Expenses
$1,200
Mortgage P&I
68%
$772
Property Taxes
7%
$75
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0