This property looks like a bad Long-Term investment with a projected -4.69% first-year return on $45,066 initial cash invested.
-4.69%
Cash On Cash
5.93%
Cap Rate
0.93
DSCR
$1,881
Rent
-$176
Cashflow
Cash Flow
$1,881 income − $2,057 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,066
Downpayment
20%
$42,920
Closing costs
1%
$2,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,881
Total Expenses
$2,057
Mortgage P&I
61%
$1,142
Property Taxes
18%
$330
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0