This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $46,179 initial cash invested.
-17.36%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$1,248
Rent
-$668
Cashflow
Cash Flow
$1,248 income − $1,916 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,248
Total Expenses
$1,916
Mortgage P&I
98%
$1,227
Property Taxes
23%
$288
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0