This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $46,179 initial cash invested.
-11.67%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$1,360
Rent
-$449
Cashflow
Cash Flow
$1,360 income − $1,809 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,360
Total Expenses
$1,809
Mortgage P&I
87%
$1,177
Property Taxes
15%
$201
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0