This property looks like a bad Long-Term investment with a projected -0.84% first-year return on $24,150 initial cash invested.
-0.84%
Cash On Cash
7.02%
Cap Rate
1.05
DSCR
$1,047
Rent
-$17
Cashflow
Cash Flow
$1,047 income − $1,064 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$115k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,150
Downpayment
20%
$23,000
Closing costs
1%
$1,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,047
Total Expenses
$1,064
Mortgage P&I
61%
$638
Property Taxes
11%
$114
Home Insurance
4%
$40
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0