This property looks like a bad Long-Term investment with a projected -2.65% first-year return on $36,729 initial cash invested.
-2.65%
Cash On Cash
6.39%
Cap Rate
0.99
DSCR
$1,379
Rent
-$81
Cashflow
Cash Flow
$1,379 income − $1,460 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,729
Downpayment
20%
$34,980
Closing costs
1%
$1,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,379
Total Expenses
$1,460
Mortgage P&I
68%
$943
Property Taxes
7%
$97
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0