This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $48,111 initial cash invested.
-12.15%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$1,543
Rent
-$487
Cashflow
Cash Flow
$1,543 income − $2,030 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,111
Downpayment
20%
$45,820
Closing costs
1%
$2,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,543
Total Expenses
$2,030
Mortgage P&I
81%
$1,247
Property Taxes
19%
$300
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0