This property looks like a bad Long-Term investment with a projected -8% first-year return on $45,150 initial cash invested.
-8%
Cash On Cash
5.19%
Cap Rate
0.81
DSCR
$1,596
Rent
-$301
Cashflow
Cash Flow
$1,596 income − $1,897 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,596
Total Expenses
$1,897
Mortgage P&I
72%
$1,151
Property Taxes
16%
$255
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0