This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $51,600 initial cash invested.
-2.93%
Cash On Cash
6.3%
Cap Rate
0.93
DSCR
$1,536
Rent
-$126
Cashflow
Cash Flow
$1,536 income − $1,662 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,536
Total Expenses
$1,662
Mortgage P&I
59%
$905
Property Taxes
12%
$180
Home Insurance
4%
$56
HOA
0%
$0
Property Management
12%
$184
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$169