This property looks like a bad Long-Term investment with a projected -4.39% first-year return on $34,986 initial cash invested.
-4.39%
Cash On Cash
6.29%
Cap Rate
0.93
DSCR
$1,329
Rent
-$128
Cashflow
Cash Flow
$1,329 income − $1,457 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$167k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,986
Downpayment
20%
$33,320
Closing costs
1%
$1,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,329
Total Expenses
$1,457
Mortgage P&I
70%
$935
Property Taxes
9%
$117
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0