This property looks like a bad Long-Term investment with a projected -1.97% first-year return on $35,994 initial cash invested.
-1.97%
Cash On Cash
6.46%
Cap Rate
1.01
DSCR
$1,443
Rent
-$59
Cashflow
Cash Flow
$1,443 income − $1,502 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$171k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,994
Downpayment
20%
$34,280
Closing costs
1%
$1,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,443
Total Expenses
$1,502
Mortgage P&I
63%
$910
Property Taxes
11%
$156
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0