This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $46,410 initial cash invested.
-9.72%
Cash On Cash
5.17%
Cap Rate
0.76
DSCR
$1,543
Rent
-$376
Cashflow
Cash Flow
$1,543 income − $1,919 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,543
Total Expenses
$1,919
Mortgage P&I
81%
$1,251
Property Taxes
12%
$188
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0