This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $45,990 initial cash invested.
-12.97%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$1,292
Rent
-$497
Cashflow
Cash Flow
$1,292 income − $1,789 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,292
Total Expenses
$1,789
Mortgage P&I
92%
$1,192
Property Taxes
14%
$181
Home Insurance
6%
$79
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0