This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $46,641 initial cash invested.
-12.35%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$1,263
Rent
-$480
Cashflow
Cash Flow
$1,263 income − $1,743 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,263
Total Expenses
$1,743
Mortgage P&I
95%
$1,197
Property Taxes
11%
$138
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0