This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $46,410 initial cash invested.
-12.05%
Cash On Cash
4.06%
Cap Rate
0.65
DSCR
$1,176
Rent
-$466
Cashflow
Cash Flow
$1,176 income − $1,642 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,176
Total Expenses
$1,642
Mortgage P&I
98%
$1,154
Property Taxes
9%
$101
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0