This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $46,200 initial cash invested.
-7.3%
Cash On Cash
5.65%
Cap Rate
0.83
DSCR
$1,428
Rent
-$281
Cashflow
Cash Flow
$1,428 income − $1,709 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,428
Total Expenses
$1,709
Mortgage P&I
87%
$1,246
Property Taxes
1%
$15
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0