This property looks like a bad Long-Term investment with a projected -2.88% first-year return on $46,242 initial cash invested.
-2.88%
Cash On Cash
6.64%
Cap Rate
0.98
DSCR
$1,811
Rent
-$111
Cashflow
Cash Flow
$1,811 income − $1,922 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,811
Total Expenses
$1,922
Mortgage P&I
68%
$1,239
Property Taxes
7%
$132
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0