This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $33,579 initial cash invested.
-6.79%
Cash On Cash
5.21%
Cap Rate
0.84
DSCR
$1,074
Rent
-$190
Cashflow
Cash Flow
$1,074 income − $1,264 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,579
Downpayment
20%
$31,980
Closing costs
1%
$1,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,074
Total Expenses
$1,264
Mortgage P&I
77%
$830
Property Taxes
9%
$99
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$107
CapEx
5%
$54
Vacancy
6%
$64
Maintenance
5%
$54
Other
0%
$0