This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $46,200 initial cash invested.
-9.53%
Cash On Cash
5.3%
Cap Rate
0.79
DSCR
$2,018
Rent
-$367
Cashflow
Cash Flow
$2,018 income − $2,385 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,018
Total Expenses
$2,385
Mortgage P&I
61%
$1,238
Property Taxes
27%
$545
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0