This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $46,431 initial cash invested.
-13.98%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$1,381
Rent
-$541
Cashflow
Cash Flow
$1,381 income − $1,922 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,431
Downpayment
20%
$44,220
Closing costs
1%
$2,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,381
Total Expenses
$1,922
Mortgage P&I
86%
$1,194
Property Taxes
19%
$269
Home Insurance
7%
$100
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0