This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $54,708 initial cash invested.
-0.24%
Cash On Cash
6.51%
Cap Rate
1.07
DSCR
$1,794
Rent
-$11
Cashflow
Cash Flow
$1,794 income − $1,805 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$175k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,708
Downpayment
20%
$34,960
Closing costs
1%
$1,748
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,794
Total Expenses
$1,805
Mortgage P&I
50%
$888
Property Taxes
14%
$244
Home Insurance
4%
$63
HOA
0%
$0
Property Management
12%
$215
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$197