This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $33,033 initial cash invested.
-7.3%
Cash On Cash
5.68%
Cap Rate
0.84
DSCR
$1,083
Rent
-$201
Cashflow
Cash Flow
$1,083 income − $1,284 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$157k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,033
Downpayment
20%
$31,460
Closing costs
1%
$1,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,083
Total Expenses
$1,284
Mortgage P&I
82%
$891
Property Taxes
5%
$57
Home Insurance
5%
$55
HOA
0%
$0
Property Management
10%
$108
CapEx
5%
$54
Vacancy
6%
$65
Maintenance
5%
$54
Other
0%
$0