This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $46,956 initial cash invested.
-11.83%
Cash On Cash
4.71%
Cap Rate
0.69
DSCR
$1,514
Rent
-$463
Cashflow
Cash Flow
$1,514 income − $1,977 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,956
Downpayment
20%
$44,720
Closing costs
1%
$2,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,514
Total Expenses
$1,977
Mortgage P&I
83%
$1,264
Property Taxes
16%
$240
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0