This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $45,612 initial cash invested.
-6.34%
Cash On Cash
5.8%
Cap Rate
0.87
DSCR
$1,701
Rent
-$241
Cashflow
Cash Flow
$1,701 income − $1,942 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,701
Total Expenses
$1,942
Mortgage P&I
71%
$1,206
Property Taxes
13%
$217
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0