This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $46,011 initial cash invested.
-15.88%
Cash On Cash
3.84%
Cap Rate
0.57
DSCR
$1,426
Rent
-$609
Cashflow
Cash Flow
$1,426 income − $2,035 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,011
Downpayment
20%
$43,820
Closing costs
1%
$2,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,426
Total Expenses
$2,035
Mortgage P&I
87%
$1,240
Property Taxes
24%
$345
Home Insurance
6%
$79
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0