This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $52,923 initial cash invested.
-4.17%
Cash On Cash
5.92%
Cap Rate
0.88
DSCR
$1,686
Rent
-$184
Cashflow
Cash Flow
$1,686 income − $1,870 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$166k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,923
Downpayment
20%
$33,260
Closing costs
1%
$1,663
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,686
Total Expenses
$1,870
Mortgage P&I
56%
$937
Property Taxes
18%
$301
Home Insurance
4%
$60
HOA
0%
$0
Property Management
12%
$202
CapEx
4%
$67
Vacancy
3%
$51
Maintenance
4%
$67
Other
11%
$185