This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $46,179 initial cash invested.
-17.9%
Cash On Cash
3.26%
Cap Rate
0.48
DSCR
$1,045
Rent
-$689
Cashflow
Cash Flow
$1,045 income − $1,734 expenses = $689 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
$1,045
Total Expenses
$1,734
Mortgage P&I
118%
$1,234
Property Taxes
15%
$152
Home Insurance
7%
$77
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0