This property looks like a bad Long-Term investment with a projected -2.32% first-year return on $46,452 initial cash invested.
-2.32%
Cash On Cash
6.65%
Cap Rate
1
DSCR
$1,867
Rent
-$90
Cashflow
Cash Flow
$1,867 income − $1,957 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,452
Downpayment
20%
$44,240
Closing costs
1%
$2,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$1,957
Mortgage P&I
65%
$1,222
Property Taxes
9%
$168
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0