This property looks like a bad Long-Term investment with a projected -2.15% first-year return on $46,263 initial cash invested.
-2.15%
Cash On Cash
6.78%
Cap Rate
1.01
DSCR
$1,845
Rent
-$83
Cashflow
Cash Flow
$1,845 income − $1,928 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,263
Downpayment
20%
$44,060
Closing costs
1%
$2,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,845
Total Expenses
$1,928
Mortgage P&I
67%
$1,236
Property Taxes
7%
$134
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0