This property looks like a bad Long-Term investment with a projected -5.88% first-year return on $36,750 initial cash invested.
-5.88%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$1,356
Rent
-$180
Cashflow
Cash Flow
$1,356 income − $1,536 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,356
Total Expenses
$1,536
Mortgage P&I
73%
$991
Property Taxes
10%
$131
Home Insurance
5%
$61
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0