This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $45,150 initial cash invested.
-9.14%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$1,426
Rent
-$344
Cashflow
Cash Flow
$1,426 income − $1,770 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,426
Total Expenses
$1,770
Mortgage P&I
82%
$1,170
Property Taxes
11%
$154
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0