This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $45,150 initial cash invested.
-16.37%
Cash On Cash
3.73%
Cap Rate
0.55
DSCR
$1,400
Rent
-$616
Cashflow
Cash Flow
$1,400 income − $2,016 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,400
Total Expenses
$2,016
Mortgage P&I
87%
$1,214
Property Taxes
26%
$363
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0