This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $45,213 initial cash invested.
-21.6%
Cash On Cash
2.46%
Cap Rate
0.36
DSCR
$858
Rent
-$814
Cashflow
Cash Flow
$858 income − $1,672 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,213
Downpayment
20%
$43,060
Closing costs
1%
$2,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$858
Total Expenses
$1,672
Mortgage P&I
141%
$1,212
Property Taxes
19%
$160
Home Insurance
9%
$77
HOA
0%
$0
Property Management
10%
$86
CapEx
5%
$43
Vacancy
6%
$51
Maintenance
5%
$43
Other
0%
$0