This property looks like a bad Long-Term investment with a projected -0.5% first-year return on $35,700 initial cash invested.
-0.5%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$1,404
Rent
-$15
Cashflow
Cash Flow
$1,404 income − $1,419 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,404
Total Expenses
$1,419
Mortgage P&I
67%
$942
Property Taxes
4%
$53
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0