This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $45,150 initial cash invested.
-6.62%
Cash On Cash
5.88%
Cap Rate
0.87
DSCR
$1,742
Rent
-$249
Cashflow
Cash Flow
$1,742 income − $1,991 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,742
Total Expenses
$1,991
Mortgage P&I
70%
$1,216
Property Taxes
14%
$245
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0