This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $45,990 initial cash invested.
-5.74%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$1,495
Rent
-$220
Cashflow
Cash Flow
$1,495 income − $1,715 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,495
Total Expenses
$1,715
Mortgage P&I
79%
$1,182
Property Taxes
4%
$66
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0