This property looks like a bad Long-Term investment with a projected -2.95% first-year return on $45,150 initial cash invested.
-2.95%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$1,734
Rent
-$111
Cashflow
Cash Flow
$1,734 income − $1,845 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,734
Total Expenses
$1,845
Mortgage P&I
69%
$1,188
Property Taxes
8%
$131
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0