This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $46,599 initial cash invested.
-11.43%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$1,445
Rent
-$444
Cashflow
Cash Flow
$1,445 income − $1,889 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,599
Downpayment
20%
$44,380
Closing costs
1%
$2,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,445
Total Expenses
$1,889
Mortgage P&I
85%
$1,221
Property Taxes
14%
$204
Home Insurance
6%
$89
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0