This property looks like a bad Long-Term investment with a projected -2.21% first-year return on $46,242 initial cash invested.
-2.21%
Cash On Cash
6.47%
Cap Rate
1
DSCR
$1,745
Rent
-$85
Cashflow
Cash Flow
$1,745 income − $1,830 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,242
Downpayment
20%
$44,040
Closing costs
1%
$2,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,745
Total Expenses
$1,830
Mortgage P&I
68%
$1,185
Property Taxes
7%
$124
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0