This property looks like a bad Long-Term investment with a projected -4.96% first-year return on $45,990 initial cash invested.
-4.96%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$1,856
Rent
-$190
Cashflow
Cash Flow
$1,856 income − $2,046 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,046
Mortgage P&I
65%
$1,203
Property Taxes
15%
$283
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0