This property looks like a bad Long-Term investment with a projected -0.73% first-year return on $46,095 initial cash invested.
-0.73%
Cash On Cash
6.76%
Cap Rate
1.05
DSCR
$1,817
Rent
-$28
Cashflow
Cash Flow
$1,817 income − $1,845 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$1,845
Mortgage P&I
65%
$1,174
Property Taxes
7%
$121
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0