This property looks like a bad Long-Term investment with a projected -1.62% first-year return on $45,234 initial cash invested.
-1.62%
Cash On Cash
6.66%
Cap Rate
1.02
DSCR
$1,810
Rent
-$61
Cashflow
Cash Flow
$1,810 income − $1,871 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,234
Downpayment
20%
$43,080
Closing costs
1%
$2,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$1,871
Mortgage P&I
64%
$1,166
Property Taxes
9%
$157
Home Insurance
4%
$78
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0