This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $46,620 initial cash invested.
-12.95%
Cash On Cash
4.49%
Cap Rate
0.67
DSCR
$1,796
Rent
-$503
Cashflow
Cash Flow
$1,796 income − $2,299 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,796
Total Expenses
$2,299
Mortgage P&I
69%
$1,243
Property Taxes
27%
$477
Home Insurance
4%
$78
HOA
2%
$33
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0