This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $46,326 initial cash invested.
-13.75%
Cash On Cash
3.68%
Cap Rate
0.59
DSCR
$1,052
Rent
-$531
Cashflow
Cash Flow
$1,052 income − $1,583 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,052
Total Expenses
$1,583
Mortgage P&I
110%
$1,154
Property Taxes
7%
$76
Home Insurance
8%
$79
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$53
Vacancy
6%
$63
Maintenance
5%
$53
Other
0%
$0