This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $35,700 initial cash invested.
-9.31%
Cash On Cash
5.13%
Cap Rate
0.76
DSCR
$1,037
Rent
-$277
Cashflow
Cash Flow
$1,037 income − $1,314 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,037
Total Expenses
$1,314
Mortgage P&I
92%
$952
Property Taxes
3%
$31
Home Insurance
6%
$61
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0