This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $45,717 initial cash invested.
-13.6%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$1,166
Rent
-$518
Cashflow
Cash Flow
$1,166 income − $1,684 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,717
Downpayment
20%
$43,540
Closing costs
1%
$2,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,166
Total Expenses
$1,684
Mortgage P&I
100%
$1,162
Property Taxes
12%
$142
Home Insurance
7%
$77
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0