This property looks like a bad Long-Term investment with a projected -2.4% first-year return on $47,964 initial cash invested.
-2.4%
Cash On Cash
7.05%
Cap Rate
1.03
DSCR
$2,771
Rent
-$96
Cashflow
Cash Flow
$2,771 income − $2,867 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,771
Total Expenses
$2,867
Mortgage P&I
47%
$1,299
Property Taxes
28%
$767
Home Insurance
3%
$80
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0