This property looks like a bad Long-Term investment with a projected -3.24% first-year return on $34,104 initial cash invested.
-3.24%
Cash On Cash
6.16%
Cap Rate
0.96
DSCR
$1,208
Rent
-$92
Cashflow
Cash Flow
$1,208 income − $1,300 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$162k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,104
Downpayment
20%
$32,480
Closing costs
1%
$1,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,208
Total Expenses
$1,300
Mortgage P&I
72%
$866
Property Taxes
5%
$63
Home Insurance
5%
$58
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0