This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $45,045 initial cash invested.
-5.25%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$1,731
Rent
-$197
Cashflow
Cash Flow
$1,731 income − $1,928 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,045
Downpayment
20%
$42,900
Closing costs
1%
$2,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,731
Total Expenses
$1,928
Mortgage P&I
67%
$1,155
Property Taxes
14%
$247
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0