This property looks like a bad Long-Term investment with a projected -3.97% first-year return on $37,170 initial cash invested.
-3.97%
Cash On Cash
6.41%
Cap Rate
0.95
DSCR
$1,532
Rent
-$123
Cashflow
Cash Flow
$1,532 income − $1,655 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$177k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,170
Downpayment
20%
$35,400
Closing costs
1%
$1,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,532
Total Expenses
$1,655
Mortgage P&I
65%
$991
Property Taxes
13%
$202
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0