This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $46,620 initial cash invested.
-1.49%
Cash On Cash
6.67%
Cap Rate
1.03
DSCR
$1,985
Rent
-$58
Cashflow
Cash Flow
$1,985 income − $2,043 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,985
Total Expenses
$2,043
Mortgage P&I
60%
$1,193
Property Taxes
12%
$244
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0