This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $45,129 initial cash invested.
-7.31%
Cash On Cash
5.61%
Cap Rate
0.83
DSCR
$1,447
Rent
-$275
Cashflow
Cash Flow
$1,447 income − $1,722 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$1,722
Mortgage P&I
83%
$1,208
Property Taxes
4%
$63
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0