This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $46,641 initial cash invested.
-4.55%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$1,785
Rent
-$177
Cashflow
Cash Flow
$1,785 income − $1,962 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,785
Total Expenses
$1,962
Mortgage P&I
69%
$1,227
Property Taxes
11%
$193
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0