This property looks like a bad Long-Term investment with a projected -8% first-year return on $48,006 initial cash invested.
-8%
Cash On Cash
5.11%
Cap Rate
0.81
DSCR
$1,914
Rent
-$320
Cashflow
Cash Flow
$1,914 income − $2,234 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,914
Total Expenses
$2,234
Mortgage P&I
63%
$1,197
Property Taxes
24%
$462
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0