This property looks like a bad Long-Term investment with a projected -1.4% first-year return on $46,347 initial cash invested.
-1.4%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$1,701
Rent
-$54
Cashflow
Cash Flow
$1,701 income − $1,755 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,347
Downpayment
20%
$44,140
Closing costs
1%
$2,207
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,701
Total Expenses
$1,755
Mortgage P&I
70%
$1,191
Property Taxes
3%
$44
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0