This property looks like a bad Long-Term investment with a projected -4.72% first-year return on $46,305 initial cash invested.
-4.72%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$2,087
Rent
-$182
Cashflow
Cash Flow
$2,087 income − $2,269 expenses = $182 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$2,269
Mortgage P&I
57%
$1,191
Property Taxes
22%
$456
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0