This property looks like a bad Long-Term investment with a projected -4.07% first-year return on $45,150 initial cash invested.
-4.07%
Cash On Cash
6.46%
Cap Rate
0.96
DSCR
$1,994
Rent
-$153
Cashflow
Cash Flow
$1,994 income − $2,147 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,147
Mortgage P&I
61%
$1,210
Property Taxes
17%
$343
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0