This property looks like a bad Long-Term investment with a projected -1.28% first-year return on $35,595 initial cash invested.
-1.28%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$1,345
Rent
-$38
Cashflow
Cash Flow
$1,345 income − $1,383 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$35,595
Downpayment
20%
$33,900
Closing costs
1%
$1,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,345
Total Expenses
$1,383
Mortgage P&I
71%
$952
Property Taxes
2%
$23
Home Insurance
4%
$59
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0