This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $45,150 initial cash invested.
-10.05%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$1,755
Rent
-$378
Cashflow
Cash Flow
$1,755 income − $2,133 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,755
Total Expenses
$2,133
Mortgage P&I
68%
$1,186
Property Taxes
23%
$408
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0