This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $34,356 initial cash invested.
-8.8%
Cash On Cash
5.26%
Cap Rate
0.78
DSCR
$1,088
Rent
-$252
Cashflow
Cash Flow
$1,088 income − $1,340 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$164k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$34,356
Downpayment
20%
$32,720
Closing costs
1%
$1,636
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,088
Total Expenses
$1,340
Mortgage P&I
84%
$915
Property Taxes
8%
$85
Home Insurance
5%
$58
HOA
0%
$0
Property Management
10%
$109
CapEx
5%
$54
Vacancy
6%
$65
Maintenance
5%
$54
Other
0%
$0