This property looks like a bad Long-Term investment with a projected -8.43% first-year return on $45,990 initial cash invested.
-8.43%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$1,502
Rent
-$323
Cashflow
Cash Flow
$1,502 income − $1,825 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,502
Total Expenses
$1,825
Mortgage P&I
81%
$1,220
Property Taxes
9%
$137
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0