This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $54,141 initial cash invested.
-2.62%
Cash On Cash
6.38%
Cap Rate
0.94
DSCR
$1,587
Rent
-$118
Cashflow
Cash Flow
$1,587 income − $1,705 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,141
Downpayment
20%
$34,420
Closing costs
1%
$1,721
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,587
Total Expenses
$1,705
Mortgage P&I
61%
$970
Property Taxes
8%
$130
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$190
CapEx
4%
$63
Vacancy
3%
$48
Maintenance
4%
$63
Other
11%
$175