This property looks like a bad Long-Term investment with a projected -0.4% first-year return on $36,246 initial cash invested.
-0.4%
Cash On Cash
7.07%
Cap Rate
1.07
DSCR
$1,508
Rent
-$12
Cashflow
Cash Flow
$1,508 income − $1,520 expenses = $12 out of pocket
Investment Breakdown
|
Purchase Price
$173k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,246
Downpayment
20%
$34,520
Closing costs
1%
$1,726
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$1,520
Mortgage P&I
63%
$954
Property Taxes
8%
$114
Home Insurance
4%
$61
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0