This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $34,923 initial cash invested.
-15.98%
Cash On Cash
3.81%
Cap Rate
0.56
DSCR
$1,124
Rent
-$465
Cashflow
Cash Flow
$1,124 income − $1,589 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$166k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,923
Downpayment
20%
$33,260
Closing costs
1%
$1,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,124
Total Expenses
$1,589
Mortgage P&I
83%
$937
Property Taxes
27%
$301
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$112
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0