This property looks like a bad Long-Term investment with a projected -5.7% first-year return on $46,305 initial cash invested.
-5.7%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$1,559
Rent
-$220
Cashflow
Cash Flow
$1,559 income − $1,779 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,559
Total Expenses
$1,779
Mortgage P&I
77%
$1,200
Property Taxes
6%
$95
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0