This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $44,730 initial cash invested.
-7.03%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$1,628
Rent
-$262
Cashflow
Cash Flow
$1,628 income − $1,890 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,730
Downpayment
20%
$42,600
Closing costs
1%
$2,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,628
Total Expenses
$1,890
Mortgage P&I
71%
$1,150
Property Taxes
14%
$234
Home Insurance
5%
$75
HOA
0%
$8
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0