This property looks like a bad Long-Term investment with a projected -0.75% first-year return on $36,624 initial cash invested.
-0.75%
Cash On Cash
7%
Cap Rate
1.05
DSCR
$1,444
Rent
-$23
Cashflow
Cash Flow
$1,444 income − $1,467 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$174k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,624
Downpayment
20%
$34,880
Closing costs
1%
$1,744
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,444
Total Expenses
$1,467
Mortgage P&I
67%
$968
Property Taxes
4%
$63
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0