This property looks like a bad Long-Term investment with a projected -3.05% first-year return on $44,100 initial cash invested.
-3.05%
Cash On Cash
6.13%
Cap Rate
0.97
DSCR
$1,514
Rent
-$112
Cashflow
Cash Flow
$1,514 income − $1,626 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,514
Total Expenses
$1,626
Mortgage P&I
73%
$1,108
Property Taxes
3%
$50
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0