This property looks like a bad Long-Term investment with a projected -1.61% first-year return on $35,700 initial cash invested.
-1.61%
Cash On Cash
6.86%
Cap Rate
1.03
DSCR
$1,496
Rent
-$48
Cashflow
Cash Flow
$1,496 income − $1,544 expenses = $48 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
$1,496
Total Expenses
$1,544
Mortgage P&I
63%
$945
Property Taxes
10%
$149
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0