This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $46,977 initial cash invested.
-10.22%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$1,559
Rent
-$400
Cashflow
Cash Flow
$1,559 income − $1,959 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,559
Total Expenses
$1,959
Mortgage P&I
79%
$1,227
Property Taxes
16%
$242
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0