This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $45,612 initial cash invested.
-17.71%
Cash On Cash
3.36%
Cap Rate
0.5
DSCR
$1,205
Rent
-$673
Cashflow
Cash Flow
$1,205 income − $1,878 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,612
Downpayment
20%
$43,440
Closing costs
1%
$2,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,205
Total Expenses
$1,878
Mortgage P&I
101%
$1,221
Property Taxes
22%
$267
Home Insurance
6%
$78
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0