This property looks like a bad Long-Term investment with a projected -4.34% first-year return on $46,221 initial cash invested.
-4.34%
Cash On Cash
6.34%
Cap Rate
0.93
DSCR
$1,680
Rent
-$167
Cashflow
Cash Flow
$1,680 income − $1,847 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,680
Total Expenses
$1,847
Mortgage P&I
74%
$1,246
Property Taxes
5%
$85
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0