This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $44,835 initial cash invested.
-10.04%
Cash On Cash
4.78%
Cap Rate
0.74
DSCR
$1,421
Rent
-$375
Cashflow
Cash Flow
$1,421 income − $1,796 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,421
Total Expenses
$1,796
Mortgage P&I
81%
$1,154
Property Taxes
14%
$196
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0