This property looks like a bad Long-Term investment with a projected -3.56% first-year return on $46,179 initial cash invested.
-3.56%
Cash On Cash
6.35%
Cap Rate
0.96
DSCR
$1,671
Rent
-$137
Cashflow
Cash Flow
$1,671 income − $1,808 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$1,808
Mortgage P&I
73%
$1,217
Property Taxes
5%
$79
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0