This property looks like a bad Long-Term investment with a projected -7.14% first-year return on $21,840 initial cash invested.
-7.14%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$910
Rent
-$130
Cashflow
Cash Flow
$910 income − $1,040 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$104k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$21,840
Downpayment
20%
$20,800
Closing costs
1%
$1,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$910
Total Expenses
$1,040
Mortgage P&I
59%
$541
Property Taxes
25%
$225
Home Insurance
4%
$36
HOA
0%
$0
Property Management
10%
$91
CapEx
5%
$46
Vacancy
6%
$55
Maintenance
5%
$46
Other
0%
$0