This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $46,557 initial cash invested.
-2.99%
Cash On Cash
6.57%
Cap Rate
0.98
DSCR
$1,926
Rent
-$116
Cashflow
Cash Flow
$1,926 income − $2,042 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,926
Total Expenses
$2,042
Mortgage P&I
64%
$1,234
Property Taxes
11%
$219
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0