This property looks like a bad Long-Term investment with a projected -1.91% first-year return on $45,759 initial cash invested.
-1.91%
Cash On Cash
6.45%
Cap Rate
1.03
DSCR
$2,117
Rent
-$73
Cashflow
Cash Flow
$2,117 income − $2,190 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,759
Downpayment
20%
$43,580
Closing costs
1%
$2,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$2,190
Mortgage P&I
54%
$1,139
Property Taxes
20%
$423
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0