This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $46,116 initial cash invested.
-6.43%
Cash On Cash
5.6%
Cap Rate
0.86
DSCR
$1,599
Rent
-$247
Cashflow
Cash Flow
$1,599 income − $1,846 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,116
Downpayment
20%
$43,920
Closing costs
1%
$2,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,599
Total Expenses
$1,846
Mortgage P&I
75%
$1,192
Property Taxes
10%
$160
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0