This property looks like a bad Long-Term investment with a projected -2.36% first-year return on $46,830 initial cash invested.
-2.36%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$1,637
Rent
-$92
Cashflow
Cash Flow
$1,637 income − $1,729 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,637
Total Expenses
$1,729
Mortgage P&I
74%
$1,204
Property Taxes
1%
$20
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0