This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $45,927 initial cash invested.
-7.08%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$1,499
Rent
-$271
Cashflow
Cash Flow
$1,499 income − $1,770 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,927
Downpayment
20%
$43,740
Closing costs
1%
$2,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,499
Total Expenses
$1,770
Mortgage P&I
78%
$1,172
Property Taxes
9%
$131
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0