This property looks like a bad Long-Term investment with a projected -2.16% first-year return on $44,961 initial cash invested.
-2.16%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$1,864
Rent
-$81
Cashflow
Cash Flow
$1,864 income − $1,945 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,961
Downpayment
20%
$42,820
Closing costs
1%
$2,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$1,945
Mortgage P&I
63%
$1,183
Property Taxes
11%
$204
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0