This property looks like a bad Long-Term investment with a projected -2.06% first-year return on $45,969 initial cash invested.
-2.06%
Cash On Cash
6.98%
Cap Rate
1.03
DSCR
$2,317
Rent
-$79
Cashflow
Cash Flow
$2,317 income − $2,396 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,969
Downpayment
20%
$43,780
Closing costs
1%
$2,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,317
Total Expenses
$2,396
Mortgage P&I
53%
$1,236
Property Taxes
16%
$379
Home Insurance
3%
$80
HOA
4%
$98
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0