This property looks like a bad Long-Term investment with a projected -4.41% first-year return on $44,919 initial cash invested.
-4.41%
Cash On Cash
6.11%
Cap Rate
0.94
DSCR
$2,001
Rent
-$165
Cashflow
Cash Flow
$2,001 income − $2,166 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,919
Downpayment
20%
$42,780
Closing costs
1%
$2,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,001
Total Expenses
$2,166
Mortgage P&I
58%
$1,154
Property Taxes
20%
$404
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0