This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $46,095 initial cash invested.
-8.28%
Cash On Cash
5.04%
Cap Rate
0.8
DSCR
$1,756
Rent
-$318
Cashflow
Cash Flow
$1,756 income − $2,074 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,095
Downpayment
20%
$43,900
Closing costs
1%
$2,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,756
Total Expenses
$2,074
Mortgage P&I
66%
$1,152
Property Taxes
22%
$386
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0