This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $46,095 initial cash invested.
-7.94%
Cash On Cash
5.55%
Cap Rate
0.82
DSCR
$1,707
Rent
-$305
Cashflow
Cash Flow
$1,707 income − $2,012 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,012
Mortgage P&I
72%
$1,235
Property Taxes
14%
$247
Home Insurance
5%
$77
HOA
1%
$10
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0