This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $45,990 initial cash invested.
-5.51%
Cash On Cash
6.07%
Cap Rate
0.89
DSCR
$1,606
Rent
-$211
Cashflow
Cash Flow
$1,606 income − $1,817 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,606
Total Expenses
$1,817
Mortgage P&I
77%
$1,239
Property Taxes
5%
$84
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0