This property looks like a bad Long-Term investment with a projected -1.81% first-year return on $46,305 initial cash invested.
-1.81%
Cash On Cash
6.69%
Cap Rate
1.02
DSCR
$1,873
Rent
-$70
Cashflow
Cash Flow
$1,873 income − $1,943 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,873
Total Expenses
$1,943
Mortgage P&I
64%
$1,206
Property Taxes
8%
$141
Home Insurance
4%
$74
HOA
2%
$35
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0