This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $45,360 initial cash invested.
-6.61%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$1,482
Rent
-$250
Cashflow
Cash Flow
$1,482 income − $1,732 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,360
Downpayment
20%
$43,200
Closing costs
1%
$2,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,482
Total Expenses
$1,732
Mortgage P&I
80%
$1,179
Property Taxes
6%
$92
Home Insurance
5%
$76
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0