This property looks like a bad Long-Term investment with a projected -3.74% first-year return on $46,158 initial cash invested.
-3.74%
Cash On Cash
5.89%
Cap Rate
0.94
DSCR
$1,503
Rent
-$144
Cashflow
Cash Flow
$1,503 income − $1,647 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$1,647
Mortgage P&I
76%
$1,148
Property Taxes
2%
$30
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0