This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $45,675 initial cash invested.
-7.7%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$1,441
Rent
-$293
Cashflow
Cash Flow
$1,441 income − $1,734 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,675
Downpayment
20%
$43,500
Closing costs
1%
$2,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,441
Total Expenses
$1,734
Mortgage P&I
83%
$1,202
Property Taxes
6%
$81
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0