This property looks like a bad Long-Term investment with a projected -3.93% first-year return on $46,683 initial cash invested.
-3.93%
Cash On Cash
6.04%
Cap Rate
0.95
DSCR
$1,784
Rent
-$153
Cashflow
Cash Flow
$1,784 income − $1,937 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,683
Downpayment
20%
$44,460
Closing costs
1%
$2,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,784
Total Expenses
$1,937
Mortgage P&I
66%
$1,183
Property Taxes
12%
$212
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0