This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $46,032 initial cash invested.
-6.49%
Cash On Cash
5.74%
Cap Rate
0.86
DSCR
$1,518
Rent
-$249
Cashflow
Cash Flow
$1,518 income − $1,767 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,032
Downpayment
20%
$43,840
Closing costs
1%
$2,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,518
Total Expenses
$1,767
Mortgage P&I
80%
$1,221
Property Taxes
5%
$74
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0