This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $33,684 initial cash invested.
-2.96%
Cash On Cash
6.41%
Cap Rate
0.99
DSCR
$1,475
Rent
-$83
Cashflow
Cash Flow
$1,475 income − $1,558 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,684
Downpayment
20%
$32,080
Closing costs
1%
$1,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,475
Total Expenses
$1,558
Mortgage P&I
59%
$866
Property Taxes
14%
$212
Home Insurance
7%
$96
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0