This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $36,750 initial cash invested.
-5.71%
Cash On Cash
6.05%
Cap Rate
0.89
DSCR
$1,345
Rent
-$175
Cashflow
Cash Flow
$1,345 income − $1,520 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,345
Total Expenses
$1,520
Mortgage P&I
74%
$991
Property Taxes
9%
$119
Home Insurance
5%
$61
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0