This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $46,452 initial cash invested.
-12.66%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$1,376
Rent
-$490
Cashflow
Cash Flow
$1,376 income − $1,866 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,452
Downpayment
20%
$44,240
Closing costs
1%
$2,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,376
Total Expenses
$1,866
Mortgage P&I
86%
$1,177
Property Taxes
18%
$250
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0