This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $46,200 initial cash invested.
-13.43%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$1,463
Rent
-$517
Cashflow
Cash Flow
$1,463 income − $1,980 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,463
Total Expenses
$1,980
Mortgage P&I
81%
$1,187
Property Taxes
23%
$336
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0