This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $46,410 initial cash invested.
-6.1%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$2,354
Rent
-$236
Cashflow
Cash Flow
$2,354 income − $2,590 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,354
Total Expenses
$2,590
Mortgage P&I
52%
$1,217
Property Taxes
29%
$684
Home Insurance
3%
$77
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0