This property looks like a bad Long-Term investment with a projected -4.17% first-year return on $46,326 initial cash invested.
-4.17%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$1,571
Rent
-$161
Cashflow
Cash Flow
$1,571 income − $1,732 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,326
Downpayment
20%
$44,120
Closing costs
1%
$2,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,571
Total Expenses
$1,732
Mortgage P&I
76%
$1,199
Property Taxes
3%
$45
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0