This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $47,082 initial cash invested.
-12.54%
Cash On Cash
4.07%
Cap Rate
0.64
DSCR
$1,127
Rent
-$492
Cashflow
Cash Flow
$1,127 income − $1,619 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,082
Downpayment
20%
$44,840
Closing costs
1%
$2,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,127
Total Expenses
$1,619
Mortgage P&I
106%
$1,196
Property Taxes
4%
$50
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0