This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $47,775 initial cash invested.
-8.44%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$1,488
Rent
-$336
Cashflow
Cash Flow
$1,488 income − $1,824 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,775
Downpayment
20%
$45,500
Closing costs
1%
$2,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,488
Total Expenses
$1,824
Mortgage P&I
83%
$1,238
Property Taxes
8%
$120
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0