This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $46,851 initial cash invested.
-7.35%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$1,506
Rent
-$287
Cashflow
Cash Flow
$1,506 income − $1,793 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,851
Downpayment
20%
$44,620
Closing costs
1%
$2,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,506
Total Expenses
$1,793
Mortgage P&I
82%
$1,233
Property Taxes
6%
$90
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0