This property looks like a bad Long-Term investment with a projected -3.36% first-year return on $33,201 initial cash invested.
-3.36%
Cash On Cash
6.5%
Cap Rate
0.97
DSCR
$1,351
Rent
-$93
Cashflow
Cash Flow
$1,351 income − $1,444 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$158k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,201
Downpayment
20%
$31,620
Closing costs
1%
$1,581
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,351
Total Expenses
$1,444
Mortgage P&I
65%
$882
Property Taxes
11%
$152
Home Insurance
4%
$58
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0