This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $36,120 initial cash invested.
-20.3%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$833
Rent
-$611
Cashflow
Cash Flow
$833 income − $1,444 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,120
Downpayment
20%
$34,400
Closing costs
1%
$1,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$833
Total Expenses
$1,444
Mortgage P&I
105%
$873
Property Taxes
35%
$294
Home Insurance
7%
$60
HOA
0%
$0
Property Management
10%
$83
CapEx
5%
$42
Vacancy
6%
$50
Maintenance
5%
$42
Other
0%
$0