This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $46,200 initial cash invested.
-6.86%
Cash On Cash
5.71%
Cap Rate
0.85
DSCR
$1,695
Rent
-$264
Cashflow
Cash Flow
$1,695 income − $1,959 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,695
Total Expenses
$1,959
Mortgage P&I
72%
$1,226
Property Taxes
13%
$214
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0