This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $46,200 initial cash invested.
-17.71%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$1,071
Rent
-$682
Cashflow
Cash Flow
$1,071 income − $1,753 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,071
Total Expenses
$1,753
Mortgage P&I
109%
$1,163
Property Taxes
22%
$234
Home Insurance
7%
$77
HOA
0%
$0
Property Management
10%
$107
CapEx
5%
$54
Vacancy
6%
$64
Maintenance
5%
$54
Other
0%
$0