This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $46,179 initial cash invested.
-2.96%
Cash On Cash
6.1%
Cap Rate
0.98
DSCR
$1,817
Rent
-$114
Cashflow
Cash Flow
$1,817 income − $1,931 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,817
Total Expenses
$1,931
Mortgage P&I
63%
$1,141
Property Taxes
13%
$240
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0