This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $46,578 initial cash invested.
-9.33%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$1,397
Rent
-$362
Cashflow
Cash Flow
$1,397 income − $1,759 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,578
Downpayment
20%
$44,360
Closing costs
1%
$2,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,397
Total Expenses
$1,759
Mortgage P&I
88%
$1,226
Property Taxes
6%
$90
Home Insurance
6%
$79
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0