This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $54,099 initial cash invested.
-2.11%
Cash On Cash
6.53%
Cap Rate
0.97
DSCR
$1,725
Rent
-$95
Cashflow
Cash Flow
$1,725 income − $1,820 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,099
Downpayment
20%
$34,380
Closing costs
1%
$1,719
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,725
Total Expenses
$1,820
Mortgage P&I
56%
$962
Property Taxes
12%
$209
Home Insurance
4%
$62
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190