This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $44,835 initial cash invested.
-8.48%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$1,360
Rent
-$317
Cashflow
Cash Flow
$1,360 income − $1,677 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,835
Downpayment
20%
$42,700
Closing costs
1%
$2,135
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,360
Total Expenses
$1,677
Mortgage P&I
87%
$1,180
Property Taxes
5%
$66
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0