This property looks like a bad Long-Term investment with a projected -6.2% first-year return on $44,289 initial cash invested.
-6.2%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$1,546
Rent
-$229
Cashflow
Cash Flow
$1,546 income − $1,775 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,289
Downpayment
20%
$42,180
Closing costs
1%
$2,109
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,546
Total Expenses
$1,775
Mortgage P&I
76%
$1,169
Property Taxes
8%
$124
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0