This property looks like a bad Long-Term investment with a projected -6.05% first-year return on $47,418 initial cash invested.
-6.05%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$1,751
Rent
-$239
Cashflow
Cash Flow
$1,751 income − $1,990 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,418
Downpayment
20%
$45,160
Closing costs
1%
$2,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,751
Total Expenses
$1,990
Mortgage P&I
71%
$1,248
Property Taxes
12%
$216
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0