This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $34,398 initial cash invested.
-6.45%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$1,312
Rent
-$185
Cashflow
Cash Flow
$1,312 income − $1,497 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$164k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,398
Downpayment
20%
$32,760
Closing costs
1%
$1,638
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,312
Total Expenses
$1,497
Mortgage P&I
69%
$905
Property Taxes
13%
$166
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0