This property looks like a bad Long-Term investment with a projected -4.29% first-year return on $46,683 initial cash invested.
-4.29%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$1,600
Rent
-$167
Cashflow
Cash Flow
$1,600 income − $1,767 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,683
Downpayment
20%
$44,460
Closing costs
1%
$2,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$1,767
Mortgage P&I
77%
$1,237
Property Taxes
2%
$35
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0