This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $45,990 initial cash invested.
-10.05%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$1,239
Rent
-$385
Cashflow
Cash Flow
$1,239 income − $1,624 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,239
Total Expenses
$1,624
Mortgage P&I
98%
$1,210
Property Taxes
1%
$15
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0