This property looks like a bad Long-Term investment with a projected -2.48% first-year return on $44,100 initial cash invested.
-2.48%
Cash On Cash
6.61%
Cap Rate
1.01
DSCR
$1,967
Rent
-$91
Cashflow
Cash Flow
$1,967 income − $2,058 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,967
Total Expenses
$2,058
Mortgage P&I
58%
$1,149
Property Taxes
16%
$324
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0