This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $36,918 initial cash invested.
-7.35%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$1,604
Rent
-$226
Cashflow
Cash Flow
$1,604 income − $1,830 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,918
Downpayment
20%
$35,160
Closing costs
1%
$1,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,604
Total Expenses
$1,830
Mortgage P&I
61%
$976
Property Taxes
21%
$331
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0