This property looks like a bad Long-Term investment with a projected -5.02% first-year return on $46,153 initial cash invested.
-5.02%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$1,866
Rent
-$193
Cashflow
Cash Flow
$1,866 income − $2,059 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,153
Downpayment
20%
$43,955
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$2,059
Mortgage P&I
65%
$1,208
Property Taxes
15%
$289
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0