This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $45,150 initial cash invested.
-11.83%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$1,113
Rent
-$445
Cashflow
Cash Flow
$1,113 income − $1,558 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,113
Total Expenses
$1,558
Mortgage P&I
104%
$1,154
Property Taxes
4%
$39
Home Insurance
7%
$75
HOA
0%
$0
Property Management
10%
$111
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0