This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $47,040 initial cash invested.
-7.32%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$1,660
Rent
-$287
Cashflow
Cash Flow
$1,660 income − $1,947 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,660
Total Expenses
$1,947
Mortgage P&I
76%
$1,258
Property Taxes
11%
$177
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0