This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $46,704 initial cash invested.
-11.15%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$1,201
Rent
-$434
Cashflow
Cash Flow
$1,201 income − $1,635 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,704
Downpayment
20%
$44,480
Closing costs
1%
$2,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,201
Total Expenses
$1,635
Mortgage P&I
100%
$1,200
Property Taxes
6%
$74
Home Insurance
4%
$49
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0