This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $44,352 initial cash invested.
-7.71%
Cash On Cash
5.55%
Cap Rate
0.82
DSCR
$1,485
Rent
-$285
Cashflow
Cash Flow
$1,485 income − $1,770 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,352
Downpayment
20%
$42,240
Closing costs
1%
$2,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,485
Total Expenses
$1,770
Mortgage P&I
80%
$1,188
Property Taxes
8%
$120
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0