This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $47,670 initial cash invested.
-10.65%
Cash On Cash
4.55%
Cap Rate
0.72
DSCR
$1,619
Rent
-$423
Cashflow
Cash Flow
$1,619 income − $2,042 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,670
Downpayment
20%
$45,400
Closing costs
1%
$2,270
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,619
Total Expenses
$2,042
Mortgage P&I
74%
$1,202
Property Taxes
21%
$337
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0