This property looks like a bad Long-Term investment with a projected -1.81% first-year return on $36,477 initial cash invested.
-1.81%
Cash On Cash
6.85%
Cap Rate
1.02
DSCR
$1,508
Rent
-$55
Cashflow
Cash Flow
$1,508 income − $1,563 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$174k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,477
Downpayment
20%
$34,740
Closing costs
1%
$1,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$1,563
Mortgage P&I
64%
$972
Property Taxes
8%
$125
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0