This property looks like a bad Long-Term investment with a projected -6.22% first-year return on $32,802 initial cash invested.
-6.22%
Cash On Cash
5.72%
Cap Rate
0.87
DSCR
$1,223
Rent
-$170
Cashflow
Cash Flow
$1,223 income − $1,393 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$156k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,802
Downpayment
20%
$31,240
Closing costs
1%
$1,562
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,223
Total Expenses
$1,393
Mortgage P&I
70%
$854
Property Taxes
15%
$180
Home Insurance
3%
$42
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0