This property looks like a bad Long-Term investment with a projected -2.03% first-year return on $32,571 initial cash invested.
-2.03%
Cash On Cash
6.85%
Cap Rate
1.02
DSCR
$1,400
Rent
-$55
Cashflow
Cash Flow
$1,400 income − $1,455 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,571
Downpayment
20%
$31,020
Closing costs
1%
$1,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,400
Total Expenses
$1,455
Mortgage P&I
62%
$871
Property Taxes
11%
$154
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0