This property looks like a bad Long-Term investment with a projected -2.59% first-year return on $37,128 initial cash invested.
-2.59%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$1,442
Rent
-$80
Cashflow
Cash Flow
$1,442 income − $1,522 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$177k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,128
Downpayment
20%
$35,360
Closing costs
1%
$1,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,442
Total Expenses
$1,522
Mortgage P&I
67%
$965
Property Taxes
8%
$119
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0