This property looks like a bad Long-Term investment with a projected -6.02% first-year return on $35,679 initial cash invested.
-6.02%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$1,314
Rent
-$179
Cashflow
Cash Flow
$1,314 income − $1,493 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,679
Downpayment
20%
$33,980
Closing costs
1%
$1,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,314
Total Expenses
$1,493
Mortgage P&I
70%
$921
Property Taxes
13%
$170
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0