This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $46,725 initial cash invested.
-7.6%
Cash On Cash
5.66%
Cap Rate
0.83
DSCR
$1,591
Rent
-$296
Cashflow
Cash Flow
$1,591 income − $1,887 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,725
Downpayment
20%
$44,500
Closing costs
1%
$2,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,591
Total Expenses
$1,887
Mortgage P&I
80%
$1,265
Property Taxes
8%
$129
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0