This property looks like a bad Long-Term investment with a projected -0.75% first-year return on $44,625 initial cash invested.
-0.75%
Cash On Cash
7.14%
Cap Rate
1.06
DSCR
$2,099
Rent
-$28
Cashflow
Cash Flow
$2,099 income − $2,127 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,625
Downpayment
20%
$42,500
Closing costs
1%
$2,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,099
Total Expenses
$2,127
Mortgage P&I
57%
$1,187
Property Taxes
15%
$310
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0