This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $45,990 initial cash invested.
-14.14%
Cash On Cash
4.28%
Cap Rate
0.63
DSCR
$1,470
Rent
-$542
Cashflow
Cash Flow
$1,470 income − $2,012 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,470
Total Expenses
$2,012
Mortgage P&I
85%
$1,249
Property Taxes
21%
$303
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0