This property looks like a bad Long-Term investment with a projected -2.02% first-year return on $35,700 initial cash invested.
-2.02%
Cash On Cash
6.85%
Cap Rate
1.02
DSCR
$1,526
Rent
-$60
Cashflow
Cash Flow
$1,526 income − $1,586 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,526
Total Expenses
$1,586
Mortgage P&I
63%
$955
Property Taxes
11%
$174
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0