This property looks like a bad Long-Term investment with a projected -1.3% first-year return on $35,910 initial cash invested.
-1.3%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$1,410
Rent
-$39
Cashflow
Cash Flow
$1,410 income − $1,449 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$171k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,910
Downpayment
20%
$34,200
Closing costs
1%
$1,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,410
Total Expenses
$1,449
Mortgage P&I
67%
$939
Property Taxes
6%
$84
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$85
Maintenance
5%
$70
Other
0%
$0