This property looks like a bad Mid-Term investment with a projected -4.45% first-year return on $45,027 initial cash invested.
-4.45%
Cash On Cash
5.58%
Cap Rate
0.83
DSCR
$1,200
Rent
-$167
Cashflow
Cash Flow
$1,200 income − $1,367 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$129k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,027
Downpayment
20%
$25,740
Closing costs
1%
$1,287
Rehab
0%
$0
Furnishing
14%
$18,000
Cashflow
Total Income
$1,200
Total Expenses
$1,367
Mortgage P&I
60%
$717
Property Taxes
16%
$196
Home Insurance
4%
$46
HOA
0%
$0
Property Management
12%
$144
CapEx
4%
$48
Vacancy
3%
$36
Maintenance
4%
$48
Other
11%
$132