This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $46,830 initial cash invested.
-9.94%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$1,508
Rent
-$388
Cashflow
Cash Flow
$1,508 income − $1,896 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$1,896
Mortgage P&I
83%
$1,249
Property Taxes
12%
$176
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0