This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $46,662 initial cash invested.
-5.89%
Cash On Cash
5.96%
Cap Rate
0.89
DSCR
$1,805
Rent
-$229
Cashflow
Cash Flow
$1,805 income − $2,034 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,662
Downpayment
20%
$44,440
Closing costs
1%
$2,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,805
Total Expenses
$2,034
Mortgage P&I
69%
$1,243
Property Taxes
14%
$244
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0