This property looks like a bad Long-Term investment with a projected -4.12% first-year return on $45,990 initial cash invested.
-4.12%
Cash On Cash
6.31%
Cap Rate
0.95
DSCR
$1,913
Rent
-$158
Cashflow
Cash Flow
$1,913 income − $2,071 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,913
Total Expenses
$2,071
Mortgage P&I
63%
$1,213
Property Taxes
13%
$243
Home Insurance
4%
$77
HOA
2%
$40
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0