This property looks like a bad Long-Term investment with a projected -10.67% first-year return on $45,990 initial cash invested.
-10.67%
Cash On Cash
5.05%
Cap Rate
0.75
DSCR
$1,962
Rent
-$409
Cashflow
Cash Flow
$1,962 income − $2,371 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,371
Mortgage P&I
63%
$1,232
Property Taxes
28%
$552
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0