This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $33,600 initial cash invested.
-13.64%
Cash On Cash
4.3%
Cap Rate
0.63
DSCR
$1,024
Rent
-$382
Cashflow
Cash Flow
$1,024 income − $1,406 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,024
Total Expenses
$1,406
Mortgage P&I
88%
$905
Property Taxes
18%
$180
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$102
CapEx
5%
$51
Vacancy
6%
$61
Maintenance
5%
$51
Other
0%
$0