This property looks like a bad Long-Term investment with a projected -4.19% first-year return on $45,507 initial cash invested.
-4.19%
Cash On Cash
6.44%
Cap Rate
0.95
DSCR
$2,011
Rent
-$159
Cashflow
Cash Flow
$2,011 income − $2,170 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,507
Downpayment
20%
$43,340
Closing costs
1%
$2,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,170
Mortgage P&I
61%
$1,221
Property Taxes
17%
$346
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0