This property looks like a bad Long-Term investment with a projected -4.1% first-year return on $45,654 initial cash invested.
-4.1%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$1,581
Rent
-$156
Cashflow
Cash Flow
$1,581 income − $1,737 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,654
Downpayment
20%
$43,480
Closing costs
1%
$2,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,581
Total Expenses
$1,737
Mortgage P&I
73%
$1,161
Property Taxes
4%
$69
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0