This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $48,090 initial cash invested.
-7.54%
Cash On Cash
5.3%
Cap Rate
0.82
DSCR
$1,574
Rent
-$302
Cashflow
Cash Flow
$1,574 income − $1,876 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,574
Total Expenses
$1,876
Mortgage P&I
78%
$1,234
Property Taxes
10%
$153
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0