This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $45,129 initial cash invested.
-11.11%
Cash On Cash
4.67%
Cap Rate
0.7
DSCR
$1,208
Rent
-$418
Cashflow
Cash Flow
$1,208 income − $1,626 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,208
Total Expenses
$1,626
Mortgage P&I
99%
$1,195
Property Taxes
4%
$43
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0