This property looks like a bad Long-Term investment with a projected -7.56% first-year return on $45,570 initial cash invested.
-7.56%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$1,659
Rent
-$287
Cashflow
Cash Flow
$1,659 income − $1,946 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,570
Downpayment
20%
$43,400
Closing costs
1%
$2,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,659
Total Expenses
$1,946
Mortgage P&I
71%
$1,170
Property Taxes
16%
$265
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0