This property looks like a bad Long-Term investment with a projected -1.01% first-year return on $46,179 initial cash invested.
-1.01%
Cash On Cash
7.04%
Cap Rate
1.04
DSCR
$1,832
Rent
-$39
Cashflow
Cash Flow
$1,832 income − $1,871 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,832
Total Expenses
$1,871
Mortgage P&I
68%
$1,237
Property Taxes
4%
$80
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0