This property looks like a bad Long-Term investment with a projected -7.17% first-year return on $35,490 initial cash invested.
-7.17%
Cash On Cash
5.76%
Cap Rate
0.85
DSCR
$1,283
Rent
-$212
Cashflow
Cash Flow
$1,283 income − $1,495 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$169k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,490
Downpayment
20%
$33,800
Closing costs
1%
$1,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,283
Total Expenses
$1,495
Mortgage P&I
75%
$959
Property Taxes
11%
$144
Home Insurance
5%
$59
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0