This property looks like a bad Long-Term investment with a projected -0.8% first-year return on $44,961 initial cash invested.
-0.8%
Cash On Cash
7%
Cap Rate
1.06
DSCR
$1,915
Rent
-$30
Cashflow
Cash Flow
$1,915 income − $1,945 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,961
Downpayment
20%
$42,820
Closing costs
1%
$2,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,915
Total Expenses
$1,945
Mortgage P&I
62%
$1,183
Property Taxes
9%
$179
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0