This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $45,990 initial cash invested.
-17.22%
Cash On Cash
3.43%
Cap Rate
0.51
DSCR
$1,203
Rent
-$660
Cashflow
Cash Flow
$1,203 income − $1,863 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,203
Total Expenses
$1,863
Mortgage P&I
102%
$1,226
Property Taxes
21%
$248
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0