This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $45,822 initial cash invested.
-5.32%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$1,628
Rent
-$203
Cashflow
Cash Flow
$1,628 income − $1,831 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,822
Downpayment
20%
$43,640
Closing costs
1%
$2,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,628
Total Expenses
$1,831
Mortgage P&I
71%
$1,163
Property Taxes
10%
$168
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0