This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $44,793 initial cash invested.
-14.01%
Cash On Cash
4.19%
Cap Rate
0.62
DSCR
$1,225
Rent
-$523
Cashflow
Cash Flow
$1,225 income − $1,748 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,793
Downpayment
20%
$42,660
Closing costs
1%
$2,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,225
Total Expenses
$1,748
Mortgage P&I
98%
$1,206
Property Taxes
12%
$147
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0