This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $46,200 initial cash invested.
-11.71%
Cash On Cash
4.54%
Cap Rate
0.68
DSCR
$1,203
Rent
-$451
Cashflow
Cash Flow
$1,203 income − $1,654 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,203
Total Expenses
$1,654
Mortgage P&I
102%
$1,223
Property Taxes
3%
$42
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0