This property looks like a bad Long-Term investment with a projected -3.93% first-year return on $33,579 initial cash invested.
-3.93%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$1,230
Rent
-$110
Cashflow
Cash Flow
$1,230 income − $1,340 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,579
Downpayment
20%
$31,980
Closing costs
1%
$1,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,230
Total Expenses
$1,340
Mortgage P&I
72%
$880
Property Taxes
7%
$83
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0