This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $46,242 initial cash invested.
-5.92%
Cash On Cash
5.5%
Cap Rate
0.87
DSCR
$1,623
Rent
-$228
Cashflow
Cash Flow
$1,623 income − $1,851 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,623
Total Expenses
$1,851
Mortgage P&I
71%
$1,156
Property Taxes
12%
$195
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0