This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $45,129 initial cash invested.
-2.9%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$1,753
Rent
-$109
Cashflow
Cash Flow
$1,753 income − $1,862 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,753
Total Expenses
$1,862
Mortgage P&I
68%
$1,187
Property Taxes
8%
$144
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0