This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $55,170 initial cash invested.
-0.15%
Cash On Cash
6.79%
Cap Rate
1.06
DSCR
$1,622
Rent
-$7
Cashflow
Cash Flow
$1,622 income − $1,629 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$177k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,170
Downpayment
20%
$35,400
Closing costs
1%
$1,770
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,622
Total Expenses
$1,629
Mortgage P&I
58%
$944
Property Taxes
4%
$71
Home Insurance
4%
$62
HOA
0%
$0
Property Management
12%
$195
CapEx
4%
$65
Vacancy
3%
$49
Maintenance
4%
$65
Other
11%
$178