This property looks like a bad Long-Term investment with a projected -1.11% first-year return on $36,750 initial cash invested.
-1.11%
Cash On Cash
7.04%
Cap Rate
1.07
DSCR
$1,940
Rent
-$34
Cashflow
Cash Flow
$1,940 income − $1,974 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$1,974
Mortgage P&I
50%
$963
Property Taxes
23%
$446
Home Insurance
3%
$61
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0