This property looks like a bad Long-Term investment with a projected -5.56% first-year return on $37,338 initial cash invested.
-5.56%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$1,373
Rent
-$173
Cashflow
Cash Flow
$1,373 income − $1,546 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,338
Downpayment
20%
$35,560
Closing costs
1%
$1,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,373
Total Expenses
$1,546
Mortgage P&I
72%
$995
Property Taxes
9%
$130
Home Insurance
5%
$64
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0