This property looks like a bad Long-Term investment with a projected -4.14% first-year return on $45,234 initial cash invested.
-4.14%
Cash On Cash
6.38%
Cap Rate
0.95
DSCR
$1,953
Rent
-$156
Cashflow
Cash Flow
$1,953 income − $2,109 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,234
Downpayment
20%
$43,080
Closing costs
1%
$2,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$2,109
Mortgage P&I
62%
$1,203
Property Taxes
16%
$318
Home Insurance
4%
$77
HOA
0%
$3
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0