This property looks like a bad Long-Term investment with a projected -8.6% first-year return on $46,179 initial cash invested.
-8.6%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$1,413
Rent
-$331
Cashflow
Cash Flow
$1,413 income − $1,744 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,413
Total Expenses
$1,744
Mortgage P&I
85%
$1,203
Property Taxes
7%
$96
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0