This property looks like a bad Long-Term investment with a projected -1.1% first-year return on $46,788 initial cash invested.
-1.1%
Cash On Cash
6.68%
Cap Rate
1.04
DSCR
$1,783
Rent
-$43
Cashflow
Cash Flow
$1,783 income − $1,826 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,788
Downpayment
20%
$44,560
Closing costs
1%
$2,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$1,826
Mortgage P&I
67%
$1,195
Property Taxes
5%
$88
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0