This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $44,625 initial cash invested.
-8.31%
Cash On Cash
5.52%
Cap Rate
0.81
DSCR
$1,666
Rent
-$309
Cashflow
Cash Flow
$1,666 income − $1,975 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,625
Downpayment
20%
$42,500
Closing costs
1%
$2,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,666
Total Expenses
$1,975
Mortgage P&I
72%
$1,203
Property Taxes
15%
$257
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0