This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $44,100 initial cash invested.
-4.6%
Cash On Cash
5.94%
Cap Rate
0.92
DSCR
$1,611
Rent
-$169
Cashflow
Cash Flow
$1,611 income − $1,780 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,611
Total Expenses
$1,780
Mortgage P&I
70%
$1,128
Property Taxes
10%
$158
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0