This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $47,040 initial cash invested.
-5.99%
Cash On Cash
5.63%
Cap Rate
0.87
DSCR
$1,590
Rent
-$235
Cashflow
Cash Flow
$1,590 income − $1,825 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,590
Total Expenses
$1,825
Mortgage P&I
76%
$1,206
Property Taxes
8%
$127
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0