This property looks like a bad Long-Term investment with a projected -3.3% first-year return on $35,679 initial cash invested.
-3.3%
Cash On Cash
6.57%
Cap Rate
0.97
DSCR
$1,319
Rent
-$98
Cashflow
Cash Flow
$1,319 income − $1,417 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,319
Total Expenses
$1,417
Mortgage P&I
73%
$962
Property Taxes
4%
$52
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0