This property looks like a bad Long-Term investment with a projected -4.5% first-year return on $34,650 initial cash invested.
-4.5%
Cash On Cash
6.2%
Cap Rate
0.94
DSCR
$1,507
Rent
-$130
Cashflow
Cash Flow
$1,507 income − $1,637 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,650
Downpayment
20%
$33,000
Closing costs
1%
$1,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,507
Total Expenses
$1,637
Mortgage P&I
60%
$908
Property Taxes
17%
$258
Home Insurance
4%
$58
HOA
1%
$22
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0