This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $45,696 initial cash invested.
-4.2%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$1,627
Rent
-$160
Cashflow
Cash Flow
$1,627 income − $1,787 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,696
Downpayment
20%
$43,520
Closing costs
1%
$2,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,627
Total Expenses
$1,787
Mortgage P&I
73%
$1,190
Property Taxes
6%
$95
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0