This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $45,150 initial cash invested.
-5.9%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$1,469
Rent
-$222
Cashflow
Cash Flow
$1,469 income − $1,691 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,469
Total Expenses
$1,691
Mortgage P&I
80%
$1,172
Property Taxes
3%
$42
Home Insurance
5%
$75
HOA
1%
$21
Property Management
10%
$147
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0