This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $35,700 initial cash invested.
-10.08%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$1,063
Rent
-$300
Cashflow
Cash Flow
$1,063 income − $1,363 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,063
Total Expenses
$1,363
Mortgage P&I
87%
$920
Property Taxes
10%
$107
Home Insurance
6%
$60
HOA
0%
$0
Property Management
10%
$106
CapEx
5%
$53
Vacancy
6%
$64
Maintenance
5%
$53
Other
0%
$0