This property looks like a bad Long-Term investment with a projected -3% first-year return on $44,856 initial cash invested.
-3%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$1,664
Rent
-$112
Cashflow
Cash Flow
$1,664 income − $1,776 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,664
Total Expenses
$1,776
Mortgage P&I
71%
$1,180
Property Taxes
5%
$88
Home Insurance
5%
$76
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0