This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $47,880 initial cash invested.
-12.43%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$1,828
Rent
-$496
Cashflow
Cash Flow
$1,828 income − $2,324 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,828
Total Expenses
$2,324
Mortgage P&I
69%
$1,260
Property Taxes
28%
$509
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0