This property looks like a bad Long-Term investment with a projected -1.73% first-year return on $37,464 initial cash invested.
-1.73%
Cash On Cash
6.54%
Cap Rate
1.02
DSCR
$1,535
Rent
-$54
Cashflow
Cash Flow
$1,535 income − $1,589 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,464
Downpayment
20%
$35,680
Closing costs
1%
$1,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,535
Total Expenses
$1,589
Mortgage P&I
62%
$950
Property Taxes
12%
$181
Home Insurance
4%
$58
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0