This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $34,125 initial cash invested.
-3.02%
Cash On Cash
6.2%
Cap Rate
0.97
DSCR
$1,227
Rent
-$86
Cashflow
Cash Flow
$1,227 income − $1,313 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,125
Downpayment
20%
$32,500
Closing costs
1%
$1,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,227
Total Expenses
$1,313
Mortgage P&I
71%
$865
Property Taxes
5%
$59
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0