This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $37,044 initial cash invested.
-4.6%
Cash On Cash
5.85%
Cap Rate
0.92
DSCR
$1,447
Rent
-$142
Cashflow
Cash Flow
$1,447 income − $1,589 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,044
Downpayment
20%
$35,280
Closing costs
1%
$1,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$1,589
Mortgage P&I
64%
$930
Property Taxes
14%
$208
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0