This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $46,788 initial cash invested.
-9.18%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$1,535
Rent
-$358
Cashflow
Cash Flow
$1,535 income − $1,893 expenses = $358 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
$1,535
Total Expenses
$1,893
Mortgage P&I
78%
$1,193
Property Taxes
14%
$220
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0