This property looks like a bad Long-Term investment with a projected -2.97% first-year return on $34,776 initial cash invested.
-2.97%
Cash On Cash
6.1%
Cap Rate
0.97
DSCR
$1,257
Rent
-$86
Cashflow
Cash Flow
$1,257 income − $1,343 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$166k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,776
Downpayment
20%
$33,120
Closing costs
1%
$1,656
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,257
Total Expenses
$1,343
Mortgage P&I
69%
$865
Property Taxes
9%
$109
Home Insurance
3%
$42
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0