This property looks like a bad Long-Term investment with a projected -21.68% first-year return on $46,158 initial cash invested.
-21.68%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$935
Rent
-$834
Cashflow
Cash Flow
$935 income − $1,769 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,158
Downpayment
20%
$43,960
Closing costs
1%
$2,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$935
Total Expenses
$1,769
Mortgage P&I
131%
$1,229
Property Taxes
23%
$216
Home Insurance
9%
$80
HOA
0%
$0
Property Management
10%
$94
CapEx
5%
$47
Vacancy
6%
$56
Maintenance
5%
$47
Other
0%
$0