This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $36,351 initial cash invested.
-9.24%
Cash On Cash
5.28%
Cap Rate
0.78
DSCR
$1,343
Rent
-$280
Cashflow
Cash Flow
$1,343 income − $1,623 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$173k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,351
Downpayment
20%
$34,620
Closing costs
1%
$1,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,343
Total Expenses
$1,623
Mortgage P&I
73%
$975
Property Taxes
18%
$236
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0