This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $46,221 initial cash invested.
-7.04%
Cash On Cash
5.8%
Cap Rate
0.85
DSCR
$1,645
Rent
-$271
Cashflow
Cash Flow
$1,645 income − $1,916 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,645
Total Expenses
$1,916
Mortgage P&I
76%
$1,252
Property Taxes
10%
$158
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0