This property looks like a bad Long-Term investment with a projected -4.26% first-year return on $46,200 initial cash invested.
-4.26%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$1,883
Rent
-$164
Cashflow
Cash Flow
$1,883 income − $2,047 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,883
Total Expenses
$2,047
Mortgage P&I
63%
$1,194
Property Taxes
15%
$287
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0