This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $45,024 initial cash invested.
-7.46%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$1,706
Rent
-$280
Cashflow
Cash Flow
$1,706 income − $1,986 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,024
Downpayment
20%
$42,880
Closing costs
1%
$2,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,706
Total Expenses
$1,986
Mortgage P&I
69%
$1,181
Property Taxes
17%
$285
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0