This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $47,124 initial cash invested.
-10.16%
Cash On Cash
5.07%
Cap Rate
0.75
DSCR
$1,575
Rent
-$399
Cashflow
Cash Flow
$1,575 income − $1,974 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,124
Downpayment
20%
$44,880
Closing costs
1%
$2,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,575
Total Expenses
$1,974
Mortgage P&I
81%
$1,269
Property Taxes
14%
$215
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0