This property looks like a bad Long-Term investment with a projected -5.97% first-year return on $33,390 initial cash invested.
-5.97%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$1,222
Rent
-$166
Cashflow
Cash Flow
$1,222 income − $1,388 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,390
Downpayment
20%
$31,800
Closing costs
1%
$1,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,222
Total Expenses
$1,388
Mortgage P&I
71%
$867
Property Taxes
12%
$148
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0