This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $27,027 initial cash invested.
-16.29%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$800
Rent
-$367
Cashflow
Cash Flow
$800 income − $1,167 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$129k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$27,027
Downpayment
20%
$25,740
Closing costs
1%
$1,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$800
Total Expenses
$1,167
Mortgage P&I
90%
$717
Property Taxes
25%
$196
Home Insurance
6%
$46
HOA
0%
$0
Property Management
10%
$80
CapEx
5%
$40
Vacancy
6%
$48
Maintenance
5%
$40
Other
0%
$0