This property looks like a bad Long-Term investment with a projected -2.02% first-year return on $46,305 initial cash invested.
-2.02%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,067
Rent
-$78
Cashflow
Cash Flow
$2,067 income − $2,145 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,305
Downpayment
20%
$44,100
Closing costs
1%
$2,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,067
Total Expenses
$2,145
Mortgage P&I
58%
$1,207
Property Taxes
15%
$317
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0