This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $45,213 initial cash invested.
-8.97%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$1,444
Rent
-$338
Cashflow
Cash Flow
$1,444 income − $1,782 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,213
Downpayment
20%
$43,060
Closing costs
1%
$2,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,444
Total Expenses
$1,782
Mortgage P&I
82%
$1,188
Property Taxes
11%
$161
Home Insurance
4%
$58
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0