This property looks like a bad Long-Term investment with a projected -6.22% first-year return on $35,490 initial cash invested.
-6.22%
Cash On Cash
5.87%
Cap Rate
0.87
DSCR
$1,224
Rent
-$184
Cashflow
Cash Flow
$1,224 income − $1,408 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$169k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,490
Downpayment
20%
$33,800
Closing costs
1%
$1,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,224
Total Expenses
$1,408
Mortgage P&I
78%
$949
Property Taxes
7%
$83
Home Insurance
5%
$59
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0