This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $46,200 initial cash invested.
-8.65%
Cash On Cash
5.18%
Cap Rate
0.78
DSCR
$1,334
Rent
-$333
Cashflow
Cash Flow
$1,334 income − $1,667 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,334
Total Expenses
$1,667
Mortgage P&I
91%
$1,216
Property Taxes
2%
$27
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0