This property looks like a bad Long-Term investment with a projected -4.74% first-year return on $35,700 initial cash invested.
-4.74%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$1,433
Rent
-$141
Cashflow
Cash Flow
$1,433 income − $1,574 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,433
Total Expenses
$1,574
Mortgage P&I
66%
$939
Property Taxes
14%
$202
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0