This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $44,730 initial cash invested.
-7.08%
Cash On Cash
5.57%
Cap Rate
0.84
DSCR
$1,589
Rent
-$264
Cashflow
Cash Flow
$1,589 income − $1,853 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,730
Downpayment
20%
$42,600
Closing costs
1%
$2,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,589
Total Expenses
$1,853
Mortgage P&I
74%
$1,173
Property Taxes
12%
$184
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0