This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $46,704 initial cash invested.
-8.4%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$1,387
Rent
-$327
Cashflow
Cash Flow
$1,387 income − $1,714 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,704
Downpayment
20%
$44,480
Closing costs
1%
$2,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,387
Total Expenses
$1,714
Mortgage P&I
87%
$1,204
Property Taxes
5%
$70
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0