This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $54,120 initial cash invested.
-8.94%
Cash On Cash
3.63%
Cap Rate
0.6
DSCR
$1,250
Rent
-$403
Cashflow
Cash Flow
$1,250 income − $1,653 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,120
Downpayment
20%
$34,400
Closing costs
1%
$1,720
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,250
Total Expenses
$1,653
Mortgage P&I
70%
$873
Property Taxes
24%
$294
Home Insurance
5%
$60
HOA
0%
$0
Property Management
12%
$150
CapEx
4%
$50
Vacancy
3%
$38
Maintenance
4%
$50
Other
11%
$138