This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $46,137 initial cash invested.
-6.79%
Cash On Cash
5.8%
Cap Rate
0.85
DSCR
$1,604
Rent
-$261
Cashflow
Cash Flow
$1,604 income − $1,865 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,137
Downpayment
20%
$43,940
Closing costs
1%
$2,197
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,604
Total Expenses
$1,865
Mortgage P&I
77%
$1,242
Property Taxes
8%
$128
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0