This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $53,700 initial cash invested.
-0.38%
Cash On Cash
7.04%
Cap Rate
1.05
DSCR
$1,556
Rent
-$17
Cashflow
Cash Flow
$1,556 income − $1,573 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,556
Total Expenses
$1,573
Mortgage P&I
61%
$952
Property Taxes
2%
$31
Home Insurance
4%
$61
HOA
0%
$0
Property Management
12%
$187
CapEx
4%
$62
Vacancy
3%
$47
Maintenance
4%
$62
Other
11%
$171