This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $44,604 initial cash invested.
-6.83%
Cash On Cash
5.77%
Cap Rate
0.86
DSCR
$1,692
Rent
-$254
Cashflow
Cash Flow
$1,692 income − $1,946 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,604
Downpayment
20%
$42,480
Closing costs
1%
$2,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,692
Total Expenses
$1,946
Mortgage P&I
70%
$1,191
Property Taxes
14%
$235
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0