This property looks like a bad Long-Term investment with a projected -4.92% first-year return on $45,381 initial cash invested.
-4.92%
Cash On Cash
6.01%
Cap Rate
0.92
DSCR
$1,804
Rent
-$186
Cashflow
Cash Flow
$1,804 income − $1,990 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,381
Downpayment
20%
$43,220
Closing costs
1%
$2,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,804
Total Expenses
$1,990
Mortgage P&I
65%
$1,179
Property Taxes
15%
$266
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0