This property looks like a bad Long-Term investment with a projected -6.97% first-year return on $44,751 initial cash invested.
-6.97%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$1,490
Rent
-$260
Cashflow
Cash Flow
$1,490 income − $1,750 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,751
Downpayment
20%
$42,620
Closing costs
1%
$2,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,490
Total Expenses
$1,750
Mortgage P&I
79%
$1,173
Property Taxes
8%
$116
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0