This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $54,750 initial cash invested.
-2.54%
Cash On Cash
6.14%
Cap Rate
0.95
DSCR
$1,718
Rent
-$116
Cashflow
Cash Flow
$1,718 income − $1,834 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,750
Downpayment
20%
$35,000
Closing costs
1%
$1,750
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,718
Total Expenses
$1,834
Mortgage P&I
55%
$943
Property Taxes
14%
$245
Home Insurance
4%
$61
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$189