This property looks like a bad Long-Term investment with a projected -5.45% first-year return on $47,124 initial cash invested.
-5.45%
Cash On Cash
6.06%
Cap Rate
0.9
DSCR
$1,656
Rent
-$214
Cashflow
Cash Flow
$1,656 income − $1,870 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,124
Downpayment
20%
$44,880
Closing costs
1%
$2,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,656
Total Expenses
$1,870
Mortgage P&I
76%
$1,265
Property Taxes
6%
$94
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0