This property looks like a bad Long-Term investment with a projected -1.78% first-year return on $34,440 initial cash invested.
-1.78%
Cash On Cash
6.37%
Cap Rate
1.01
DSCR
$1,205
Rent
-$51
Cashflow
Cash Flow
$1,205 income − $1,256 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$164k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,440
Downpayment
20%
$32,800
Closing costs
1%
$1,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,205
Total Expenses
$1,256
Mortgage P&I
72%
$862
Property Taxes
2%
$25
Home Insurance
5%
$57
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0