This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $46,641 initial cash invested.
-6.61%
Cash On Cash
5.72%
Cap Rate
0.85
DSCR
$1,526
Rent
-$257
Cashflow
Cash Flow
$1,526 income − $1,783 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,526
Total Expenses
$1,783
Mortgage P&I
81%
$1,239
Property Taxes
4%
$68
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0