This property looks like a bad Long-Term investment with a projected -5.91% first-year return on $46,683 initial cash invested.
-5.91%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$1,592
Rent
-$230
Cashflow
Cash Flow
$1,592 income − $1,822 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,683
Downpayment
20%
$44,460
Closing costs
1%
$2,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,592
Total Expenses
$1,822
Mortgage P&I
75%
$1,195
Property Taxes
7%
$116
Home Insurance
5%
$79
HOA
1%
$17
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0