This property looks like a bad Long-Term investment with a projected -4.92% first-year return on $44,877 initial cash invested.
-4.92%
Cash On Cash
5.59%
Cap Rate
0.91
DSCR
$1,604
Rent
-$184
Cashflow
Cash Flow
$1,604 income − $1,788 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,877
Downpayment
20%
$42,740
Closing costs
1%
$2,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,604
Total Expenses
$1,788
Mortgage P&I
69%
$1,100
Property Taxes
7%
$114
Home Insurance
10%
$158
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0