This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $45,192 initial cash invested.
-6.69%
Cash On Cash
6.07%
Cap Rate
0.86
DSCR
$1,560
Rent
-$252
Cashflow
Cash Flow
$1,560 income − $1,812 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
8.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,192
Downpayment
20%
$43,040
Closing costs
1%
$2,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,560
Total Expenses
$1,812
Mortgage P&I
81%
$1,262
Property Taxes
4%
$67
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0