This property looks like a bad Long-Term investment with a projected -4.89% first-year return on $46,410 initial cash invested.
-4.89%
Cash On Cash
6.22%
Cap Rate
0.92
DSCR
$1,798
Rent
-$189
Cashflow
Cash Flow
$1,798 income − $1,987 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,798
Total Expenses
$1,987
Mortgage P&I
69%
$1,244
Property Taxes
11%
$195
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0