This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $45,591 initial cash invested.
-8.42%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$1,438
Rent
-$320
Cashflow
Cash Flow
$1,438 income − $1,758 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,591
Downpayment
20%
$43,420
Closing costs
1%
$2,171
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,438
Total Expenses
$1,758
Mortgage P&I
84%
$1,213
Property Taxes
6%
$92
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0