This property looks like a bad Long-Term investment with a projected -3.22% first-year return on $36,120 initial cash invested.
-3.22%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$1,525
Rent
-$97
Cashflow
Cash Flow
$1,525 income − $1,622 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,120
Downpayment
20%
$34,400
Closing costs
1%
$1,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,525
Total Expenses
$1,622
Mortgage P&I
60%
$921
Property Taxes
15%
$233
Home Insurance
5%
$72
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0