This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $45,990 initial cash invested.
-9.55%
Cash On Cash
5.11%
Cap Rate
0.76
DSCR
$1,463
Rent
-$366
Cashflow
Cash Flow
$1,463 income − $1,829 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,463
Total Expenses
$1,829
Mortgage P&I
84%
$1,225
Property Taxes
1%
$11
Home Insurance
5%
$77
HOA
9%
$136
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0