This property looks like a bad Long-Term investment with a projected -3.29% first-year return on $44,499 initial cash invested.
-3.29%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$1,812
Rent
-$122
Cashflow
Cash Flow
$1,812 income − $1,934 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,499
Downpayment
20%
$42,380
Closing costs
1%
$2,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$1,934
Mortgage P&I
65%
$1,176
Property Taxes
12%
$211
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0