This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $44,709 initial cash invested.
-8.75%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$1,485
Rent
-$326
Cashflow
Cash Flow
$1,485 income − $1,811 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,709
Downpayment
20%
$42,580
Closing costs
1%
$2,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,485
Total Expenses
$1,811
Mortgage P&I
80%
$1,187
Property Taxes
11%
$164
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0