This property looks like a bad Long-Term investment with a projected -2.1% first-year return on $45,150 initial cash invested.
-2.1%
Cash On Cash
6.84%
Cap Rate
1.01
DSCR
$1,762
Rent
-$79
Cashflow
Cash Flow
$1,762 income − $1,841 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$1,841
Mortgage P&I
69%
$1,216
Property Taxes
5%
$92
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0