This property looks like a bad Long-Term investment with a projected -12.04% first-year return on $45,255 initial cash invested.
-12.04%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$1,449
Rent
-$454
Cashflow
Cash Flow
$1,449 income − $1,903 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,255
Downpayment
20%
$43,100
Closing costs
1%
$2,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,449
Total Expenses
$1,903
Mortgage P&I
81%
$1,176
Property Taxes
18%
$264
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0