This property looks like a bad Long-Term investment with a projected -0.25% first-year return on $33,600 initial cash invested.
-0.25%
Cash On Cash
7.18%
Cap Rate
1.08
DSCR
$1,525
Rent
-$7
Cashflow
Cash Flow
$1,525 income − $1,532 expenses = $7 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
$1,525
Total Expenses
$1,532
Mortgage P&I
58%
$888
Property Taxes
13%
$192
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0