This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $46,557 initial cash invested.
-5.8%
Cash On Cash
6.06%
Cap Rate
0.89
DSCR
$1,824
Rent
-$225
Cashflow
Cash Flow
$1,824 income − $2,049 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,557
Downpayment
20%
$44,340
Closing costs
1%
$2,217
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,824
Total Expenses
$2,049
Mortgage P&I
69%
$1,253
Property Taxes
14%
$253
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0