This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $46,242 initial cash invested.
-3.89%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$2,406
Rent
-$150
Cashflow
Cash Flow
$2,406 income − $2,556 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,242
Downpayment
20%
$44,040
Closing costs
1%
$2,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,406
Total Expenses
$2,556
Mortgage P&I
51%
$1,218
Property Taxes
26%
$634
Home Insurance
3%
$79
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0