This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $46,284 initial cash invested.
-10.03%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$1,345
Rent
-$387
Cashflow
Cash Flow
$1,345 income − $1,732 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,284
Downpayment
20%
$44,080
Closing costs
1%
$2,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,345
Total Expenses
$1,732
Mortgage P&I
91%
$1,218
Property Taxes
6%
$83
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0