This property looks like a bad Long-Term investment with a projected -5.34% first-year return on $48,090 initial cash invested.
-5.34%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$1,646
Rent
-$214
Cashflow
Cash Flow
$1,646 income − $1,860 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,646
Total Expenses
$1,860
Mortgage P&I
76%
$1,252
Property Taxes
6%
$100
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0