This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $45,150 initial cash invested.
-13.1%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$1,141
Rent
-$493
Cashflow
Cash Flow
$1,141 income − $1,634 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,141
Total Expenses
$1,634
Mortgage P&I
102%
$1,169
Property Taxes
8%
$94
Home Insurance
7%
$75
HOA
0%
$0
Property Management
10%
$114
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0