This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $46,200 initial cash invested.
-14.08%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$1,595
Rent
-$542
Cashflow
Cash Flow
$1,595 income − $2,137 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,595
Total Expenses
$2,137
Mortgage P&I
77%
$1,226
Property Taxes
26%
$418
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0