This property looks like a bad Long-Term investment with a projected -8.12% first-year return on $33,390 initial cash invested.
-8.12%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$1,160
Rent
-$226
Cashflow
Cash Flow
$1,160 income − $1,386 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,390
Downpayment
20%
$31,800
Closing costs
1%
$1,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,160
Total Expenses
$1,386
Mortgage P&I
75%
$873
Property Taxes
13%
$155
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0