This property looks like a bad Long-Term investment with a projected -7.87% first-year return on $44,856 initial cash invested.
-7.87%
Cash On Cash
5.24%
Cap Rate
0.8
DSCR
$1,331
Rent
-$294
Cashflow
Cash Flow
$1,331 income − $1,625 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,856
Downpayment
20%
$42,720
Closing costs
1%
$2,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,331
Total Expenses
$1,625
Mortgage P&I
87%
$1,159
Property Taxes
3%
$43
Home Insurance
6%
$76
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0