This property looks like a bad Long-Term investment with a projected -1.48% first-year return on $44,646 initial cash invested.
-1.48%
Cash On Cash
6.74%
Cap Rate
1.03
DSCR
$1,795
Rent
-$55
Cashflow
Cash Flow
$1,795 income − $1,850 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,646
Downpayment
20%
$42,520
Closing costs
1%
$2,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$1,850
Mortgage P&I
65%
$1,159
Property Taxes
8%
$145
Home Insurance
4%
$78
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0