This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $33,390 initial cash invested.
-8.3%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$1,228
Rent
-$231
Cashflow
Cash Flow
$1,228 income − $1,459 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$159k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$33,390
Downpayment
20%
$31,800
Closing costs
1%
$1,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,228
Total Expenses
$1,459
Mortgage P&I
69%
$852
Property Taxes
19%
$232
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0