This property looks like a bad Long-Term investment with a projected -9% first-year return on $45,339 initial cash invested.
-9%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$1,668
Rent
-$340
Cashflow
Cash Flow
$1,668 income − $2,008 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,339
Downpayment
20%
$43,180
Closing costs
1%
$2,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,668
Total Expenses
$2,008
Mortgage P&I
70%
$1,167
Property Taxes
20%
$331
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0