This property looks like a bad Long-Term investment with a projected -3.07% first-year return on $33,599 initial cash invested.
-3.07%
Cash On Cash
6.55%
Cap Rate
0.97
DSCR
$1,255
Rent
-$86
Cashflow
Cash Flow
$1,255 income − $1,341 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,599
Downpayment
20%
$31,999
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,255
Total Expenses
$1,341
Mortgage P&I
71%
$896
Property Taxes
5%
$62
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0