This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $45,129 initial cash invested.
-5.77%
Cash On Cash
6.12%
Cap Rate
0.91
DSCR
$2,202
Rent
-$217
Cashflow
Cash Flow
$2,202 income − $2,419 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,202
Total Expenses
$2,419
Mortgage P&I
55%
$1,203
Property Taxes
24%
$519
Home Insurance
3%
$75
HOA
2%
$50
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0