This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $46,452 initial cash invested.
-7.83%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$1,485
Rent
-$303
Cashflow
Cash Flow
$1,485 income − $1,788 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,452
Downpayment
20%
$44,240
Closing costs
1%
$2,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,485
Total Expenses
$1,788
Mortgage P&I
82%
$1,222
Property Taxes
7%
$102
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0