This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $46,179 initial cash invested.
-8.55%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$1,450
Rent
-$329
Cashflow
Cash Flow
$1,450 income − $1,779 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,450
Total Expenses
$1,779
Mortgage P&I
82%
$1,195
Property Taxes
9%
$129
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0