This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $35,679 initial cash invested.
-15.03%
Cash On Cash
3.88%
Cap Rate
0.58
DSCR
$831
Rent
-$447
Cashflow
Cash Flow
$831 income − $1,278 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$831
Total Expenses
$1,278
Mortgage P&I
115%
$955
Property Taxes
6%
$46
Home Insurance
7%
$60
HOA
0%
$0
Property Management
10%
$83
CapEx
5%
$42
Vacancy
6%
$50
Maintenance
5%
$42
Other
0%
$0