This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $45,297 initial cash invested.
-5.85%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$1,665
Rent
-$221
Cashflow
Cash Flow
$1,665 income − $1,886 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,297
Downpayment
20%
$43,140
Closing costs
1%
$2,157
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,665
Total Expenses
$1,886
Mortgage P&I
70%
$1,163
Property Taxes
4%
$64
Home Insurance
5%
$77
HOA
9%
$150
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0