This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $45,528 initial cash invested.
-8.72%
Cash On Cash
4.93%
Cap Rate
0.77
DSCR
$1,354
Rent
-$331
Cashflow
Cash Flow
$1,354 income − $1,685 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,528
Downpayment
20%
$43,360
Closing costs
1%
$2,168
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,354
Total Expenses
$1,685
Mortgage P&I
85%
$1,153
Property Taxes
8%
$103
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0