This property looks like a bad Long-Term investment with a projected -5.22% first-year return on $36,981 initial cash invested.
-5.22%
Cash On Cash
6.13%
Cap Rate
0.91
DSCR
$1,403
Rent
-$161
Cashflow
Cash Flow
$1,403 income − $1,564 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$176k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,981
Downpayment
20%
$35,220
Closing costs
1%
$1,761
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,403
Total Expenses
$1,564
Mortgage P&I
71%
$991
Property Taxes
10%
$146
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0