This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $45,381 initial cash invested.
-8.33%
Cash On Cash
5.52%
Cap Rate
0.82
DSCR
$1,790
Rent
-$315
Cashflow
Cash Flow
$1,790 income − $2,105 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,381
Downpayment
20%
$43,220
Closing costs
1%
$2,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,790
Total Expenses
$2,105
Mortgage P&I
68%
$1,219
Property Taxes
19%
$343
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0