This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $52,650 initial cash invested.
-2.87%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$1,668
Rent
-$126
Cashflow
Cash Flow
$1,668 income − $1,794 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$165k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,650
Downpayment
20%
$33,000
Closing costs
1%
$1,650
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,668
Total Expenses
$1,794
Mortgage P&I
54%
$896
Property Taxes
16%
$273
Home Insurance
3%
$58
HOA
0%
$0
Property Management
12%
$200
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$183