This property looks like a bad Long-Term investment with a projected -6.99% first-year return on $46,662 initial cash invested.
-6.99%
Cash On Cash
5.34%
Cap Rate
0.84
DSCR
$1,539
Rent
-$272
Cashflow
Cash Flow
$1,539 income − $1,811 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,662
Downpayment
20%
$44,440
Closing costs
1%
$2,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,539
Total Expenses
$1,811
Mortgage P&I
77%
$1,183
Property Taxes
10%
$148
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0