This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $45,150 initial cash invested.
-13.85%
Cash On Cash
4.2%
Cap Rate
0.62
DSCR
$1,255
Rent
-$521
Cashflow
Cash Flow
$1,255 income − $1,776 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,255
Total Expenses
$1,776
Mortgage P&I
96%
$1,210
Property Taxes
13%
$164
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0