This property looks like a bad Long-Term investment with a projected -6.91% first-year return on $44,436 initial cash invested.
-6.91%
Cash On Cash
5.38%
Cap Rate
0.84
DSCR
$1,404
Rent
-$256
Cashflow
Cash Flow
$1,404 income − $1,660 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,436
Downpayment
20%
$42,320
Closing costs
1%
$2,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,404
Total Expenses
$1,660
Mortgage P&I
81%
$1,135
Property Taxes
6%
$84
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0