This property looks like a bad Long-Term investment with a projected -3.71% first-year return on $33,600 initial cash invested.
-3.71%
Cash On Cash
6.42%
Cap Rate
0.97
DSCR
$1,541
Rent
-$104
Cashflow
Cash Flow
$1,541 income − $1,645 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,541
Total Expenses
$1,645
Mortgage P&I
57%
$883
Property Taxes
19%
$299
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0