This property looks like a bad Long-Term investment with a projected -2.37% first-year return on $44,562 initial cash invested.
-2.37%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$1,534
Rent
-$88
Cashflow
Cash Flow
$1,534 income − $1,622 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,562
Downpayment
20%
$42,440
Closing costs
1%
$2,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,534
Total Expenses
$1,622
Mortgage P&I
74%
$1,139
Property Taxes
0%
$7
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0