This property looks like a bad Long-Term investment with a projected -1.86% first-year return on $45,780 initial cash invested.
-1.86%
Cash On Cash
6.39%
Cap Rate
1.03
DSCR
$1,990
Rent
-$71
Cashflow
Cash Flow
$1,990 income − $2,061 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,780
Downpayment
20%
$43,600
Closing costs
1%
$2,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$2,061
Mortgage P&I
57%
$1,131
Property Taxes
17%
$347
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0