This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $44,226 initial cash invested.
-8.41%
Cash On Cash
5.32%
Cap Rate
0.8
DSCR
$1,580
Rent
-$310
Cashflow
Cash Flow
$1,580 income − $1,890 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,226
Downpayment
20%
$42,120
Closing costs
1%
$2,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,580
Total Expenses
$1,890
Mortgage P&I
74%
$1,164
Property Taxes
15%
$240
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0