This property looks like a bad Long-Term investment with a projected -10.26% first-year return on $46,200 initial cash invested.
-10.26%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$1,534
Rent
-$395
Cashflow
Cash Flow
$1,534 income − $1,929 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,534
Total Expenses
$1,929
Mortgage P&I
79%
$1,219
Property Taxes
15%
$234
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0