This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $45,969 initial cash invested.
-9.95%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$1,495
Rent
-$381
Cashflow
Cash Flow
$1,495 income − $1,876 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,969
Downpayment
20%
$43,780
Closing costs
1%
$2,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$1,876
Mortgage P&I
80%
$1,197
Property Taxes
14%
$210
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0