This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $45,549 initial cash invested.
-12.15%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$1,218
Rent
-$461
Cashflow
Cash Flow
$1,218 income − $1,679 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,549
Downpayment
20%
$43,380
Closing costs
1%
$2,169
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,218
Total Expenses
$1,679
Mortgage P&I
97%
$1,179
Property Taxes
9%
$108
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0