This property looks like a bad Long-Term investment with a projected -5.07% first-year return on $44,520 initial cash invested.
-5.07%
Cash On Cash
6.24%
Cap Rate
0.91
DSCR
$1,672
Rent
-$188
Cashflow
Cash Flow
$1,672 income − $1,860 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,520
Downpayment
20%
$42,400
Closing costs
1%
$2,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,672
Total Expenses
$1,860
Mortgage P&I
72%
$1,207
Property Taxes
9%
$144
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0