This property looks like a bad Long-Term investment with a projected -6.97% first-year return on $44,562 initial cash invested.
-6.97%
Cash On Cash
5.13%
Cap Rate
0.83
DSCR
$1,553
Rent
-$259
Cashflow
Cash Flow
$1,553 income − $1,812 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,562
Downpayment
20%
$42,440
Closing costs
1%
$2,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,553
Total Expenses
$1,812
Mortgage P&I
70%
$1,089
Property Taxes
16%
$244
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0