This property looks like a bad Long-Term investment with a projected -2.84% first-year return on $45,192 initial cash invested.
-2.84%
Cash On Cash
6.52%
Cap Rate
0.99
DSCR
$1,826
Rent
-$107
Cashflow
Cash Flow
$1,826 income − $1,933 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,192
Downpayment
20%
$43,040
Closing costs
1%
$2,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$1,933
Mortgage P&I
65%
$1,185
Property Taxes
11%
$198
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0