This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $46,620 initial cash invested.
-6.8%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$1,734
Rent
-$264
Cashflow
Cash Flow
$1,734 income − $1,998 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,734
Total Expenses
$1,998
Mortgage P&I
70%
$1,212
Property Taxes
15%
$255
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0