This property looks like a bad Long-Term investment with a projected -2.45% first-year return on $24,990 initial cash invested.
-2.45%
Cash On Cash
6.87%
Cap Rate
1
DSCR
$1,038
Rent
-$51
Cashflow
Cash Flow
$1,038 income − $1,089 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,038
Total Expenses
$1,089
Mortgage P&I
66%
$680
Property Taxes
9%
$97
Home Insurance
4%
$42
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0