This property looks like a bad Long-Term investment with a projected -1.28% first-year return on $35,700 initial cash invested.
-1.28%
Cash On Cash
6.77%
Cap Rate
1.04
DSCR
$1,453
Rent
-$38
Cashflow
Cash Flow
$1,453 income − $1,491 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,453
Total Expenses
$1,491
Mortgage P&I
64%
$924
Property Taxes
9%
$129
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0