This property looks like a bad Long-Term investment with a projected -4.57% first-year return on $46,200 initial cash invested.
-4.57%
Cash On Cash
5.74%
Cap Rate
0.92
DSCR
$1,605
Rent
-$176
Cashflow
Cash Flow
$1,605 income − $1,781 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,605
Total Expenses
$1,781
Mortgage P&I
72%
$1,149
Property Taxes
7%
$105
Home Insurance
5%
$77
HOA
2%
$34
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0