This property looks like a bad Long-Term investment with a projected -3.5% first-year return on $34,944 initial cash invested.
-3.5%
Cash On Cash
6.48%
Cap Rate
0.98
DSCR
$1,635
Rent
-$102
Cashflow
Cash Flow
$1,635 income − $1,737 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$166k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,944
Downpayment
20%
$33,280
Closing costs
1%
$1,664
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,635
Total Expenses
$1,737
Mortgage P&I
56%
$919
Property Taxes
20%
$334
Home Insurance
4%
$58
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0