This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $34,650 initial cash invested.
-3.88%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$1,879
Rent
-$112
Cashflow
Cash Flow
$1,879 income − $1,991 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,650
Downpayment
20%
$33,000
Closing costs
1%
$1,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,879
Total Expenses
$1,991
Mortgage P&I
49%
$912
Property Taxes
28%
$532
Home Insurance
3%
$58
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0