This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $44,646 initial cash invested.
-8.28%
Cash On Cash
5.45%
Cap Rate
0.81
DSCR
$1,505
Rent
-$308
Cashflow
Cash Flow
$1,505 income − $1,813 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,646
Downpayment
20%
$42,520
Closing costs
1%
$2,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,505
Total Expenses
$1,813
Mortgage P&I
80%
$1,198
Property Taxes
10%
$148
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0