This property looks like a bad Long-Term investment with a projected -1.29% first-year return on $34,293 initial cash invested.
-1.29%
Cash On Cash
6.95%
Cap Rate
1.04
DSCR
$1,393
Rent
-$37
Cashflow
Cash Flow
$1,393 income − $1,430 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,293
Downpayment
20%
$32,660
Closing costs
1%
$1,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,393
Total Expenses
$1,430
Mortgage P&I
66%
$913
Property Taxes
6%
$89
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0