This property looks like a bad Long-Term investment with a projected -0.74% first-year return on $37,296 initial cash invested.
-0.74%
Cash On Cash
7.03%
Cap Rate
1.06
DSCR
$1,570
Rent
-$23
Cashflow
Cash Flow
$1,570 income − $1,593 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,296
Downpayment
20%
$35,520
Closing costs
1%
$1,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,570
Total Expenses
$1,593
Mortgage P&I
63%
$985
Property Taxes
9%
$142
Home Insurance
4%
$59
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0