This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $45,150 initial cash invested.
-7.95%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$1,314
Rent
-$299
Cashflow
Cash Flow
$1,314 income − $1,613 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,314
Total Expenses
$1,613
Mortgage P&I
88%
$1,161
Property Taxes
3%
$35
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0