This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $53,763 initial cash invested.
-3.71%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$1,500
Rent
-$166
Cashflow
Cash Flow
$1,500 income − $1,666 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,763
Downpayment
20%
$34,060
Closing costs
1%
$1,703
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,500
Total Expenses
$1,666
Mortgage P&I
63%
$950
Property Taxes
10%
$145
Home Insurance
4%
$61
HOA
0%
$0
Property Management
12%
$180
CapEx
4%
$60
Vacancy
3%
$45
Maintenance
4%
$60
Other
11%
$165