This property looks like a bad Long-Term investment with a projected -6.42% first-year return on $46,578 initial cash invested.
-6.42%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,707
Rent
-$249
Cashflow
Cash Flow
$1,707 income − $1,956 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,578
Downpayment
20%
$44,360
Closing costs
1%
$2,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$1,956
Mortgage P&I
72%
$1,226
Property Taxes
12%
$208
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0