This property looks like a bad Long-Term investment with a projected -8.47% first-year return on $47,040 initial cash invested.
-8.47%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$1,447
Rent
-$332
Cashflow
Cash Flow
$1,447 income − $1,779 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$1,779
Mortgage P&I
85%
$1,233
Property Taxes
6%
$92
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0