This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $47,208 initial cash invested.
-5.87%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$1,698
Rent
-$231
Cashflow
Cash Flow
$1,698 income − $1,929 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,208
Downpayment
20%
$44,960
Closing costs
1%
$2,248
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,698
Total Expenses
$1,929
Mortgage P&I
73%
$1,234
Property Taxes
10%
$173
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0