This property looks like a bad Long-Term investment with a projected -3.99% first-year return on $37,002 initial cash invested.
-3.99%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$1,643
Rent
-$123
Cashflow
Cash Flow
$1,643 income − $1,766 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,002
Downpayment
20%
$35,240
Closing costs
1%
$1,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,643
Total Expenses
$1,766
Mortgage P&I
59%
$968
Property Taxes
19%
$306
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0