This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $45,150 initial cash invested.
-15.73%
Cash On Cash
3.76%
Cap Rate
0.56
DSCR
$1,282
Rent
-$592
Cashflow
Cash Flow
$1,282 income − $1,874 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,282
Total Expenses
$1,874
Mortgage P&I
94%
$1,201
Property Taxes
21%
$265
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0