This property looks like a bad Long-Term investment with a projected -3.69% first-year return on $46,221 initial cash invested.
-3.69%
Cash On Cash
6.29%
Cap Rate
0.95
DSCR
$1,710
Rent
-$142
Cashflow
Cash Flow
$1,710 income − $1,852 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,221
Downpayment
20%
$44,020
Closing costs
1%
$2,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,710
Total Expenses
$1,852
Mortgage P&I
71%
$1,209
Property Taxes
6%
$97
Home Insurance
5%
$78
HOA
1%
$22
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0