This property looks like a bad Long-Term investment with a projected -8.6% first-year return on $46,200 initial cash invested.
-8.6%
Cash On Cash
5.48%
Cap Rate
0.8
DSCR
$1,692
Rent
-$331
Cashflow
Cash Flow
$1,692 income − $2,023 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,692
Total Expenses
$2,023
Mortgage P&I
74%
$1,250
Property Taxes
15%
$255
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0