This property looks like a bad Long-Term investment with a projected -6.41% first-year return on $44,562 initial cash invested.
-6.41%
Cash On Cash
5.88%
Cap Rate
0.87
DSCR
$1,516
Rent
-$238
Cashflow
Cash Flow
$1,516 income − $1,754 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,562
Downpayment
20%
$42,440
Closing costs
1%
$2,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,516
Total Expenses
$1,754
Mortgage P&I
79%
$1,201
Property Taxes
5%
$81
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0