This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $45,150 initial cash invested.
-9.28%
Cash On Cash
4.87%
Cap Rate
0.76
DSCR
$1,425
Rent
-$349
Cashflow
Cash Flow
$1,425 income − $1,774 expenses = $349 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
$1,425
Total Expenses
$1,774
Mortgage P&I
81%
$1,151
Property Taxes
12%
$178
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0