This property looks like a bad Long-Term investment with a projected -1.95% first-year return on $36,855 initial cash invested.
-1.95%
Cash On Cash
6.89%
Cap Rate
1.02
DSCR
$1,617
Rent
-$60
Cashflow
Cash Flow
$1,617 income − $1,677 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,855
Downpayment
20%
$35,100
Closing costs
1%
$1,755
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,617
Total Expenses
$1,677
Mortgage P&I
61%
$987
Property Taxes
13%
$208
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0