This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $53,700 initial cash invested.
-0.78%
Cash On Cash
6.7%
Cap Rate
1.03
DSCR
$1,594
Rent
-$35
Cashflow
Cash Flow
$1,594 income − $1,629 expenses = $35 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,594
Total Expenses
$1,629
Mortgage P&I
58%
$920
Property Taxes
7%
$107
Home Insurance
4%
$60
HOA
0%
$0
Property Management
12%
$191
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$175