This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $54,855 initial cash invested.
-4.05%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$1,634
Rent
-$185
Cashflow
Cash Flow
$1,634 income − $1,819 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,855
Downpayment
20%
$35,100
Closing costs
1%
$1,755
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,634
Total Expenses
$1,819
Mortgage P&I
59%
$958
Property Taxes
15%
$244
Home Insurance
4%
$62
HOA
0%
$0
Property Management
12%
$196
CapEx
4%
$65
Vacancy
3%
$49
Maintenance
4%
$65
Other
11%
$180