This property looks like a bad Long-Term investment with a projected -4.77% first-year return on $46,263 initial cash invested.
-4.77%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$1,646
Rent
-$184
Cashflow
Cash Flow
$1,646 income − $1,830 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,263
Downpayment
20%
$44,060
Closing costs
1%
$2,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,646
Total Expenses
$1,830
Mortgage P&I
74%
$1,210
Property Taxes
7%
$117
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0