This property looks like a bad Long-Term investment with a projected -0.85% first-year return on $45,150 initial cash invested.
-0.85%
Cash On Cash
7.12%
Cap Rate
1.05
DSCR
$1,865
Rent
-$32
Cashflow
Cash Flow
$1,865 income − $1,897 expenses = $32 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,865
Total Expenses
$1,897
Mortgage P&I
65%
$1,215
Property Taxes
7%
$123
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0