This property looks like a bad Long-Term investment with a projected -3.1% first-year return on $47,607 initial cash invested.
-3.1%
Cash On Cash
6.61%
Cap Rate
0.98
DSCR
$2,009
Rent
-$123
Cashflow
Cash Flow
$2,009 income − $2,132 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,607
Downpayment
20%
$45,340
Closing costs
1%
$2,267
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$2,132
Mortgage P&I
63%
$1,271
Property Taxes
12%
$251
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0