This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $46,914 initial cash invested.
-12.1%
Cash On Cash
4.61%
Cap Rate
0.68
DSCR
$1,445
Rent
-$473
Cashflow
Cash Flow
$1,445 income − $1,918 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,914
Downpayment
20%
$44,680
Closing costs
1%
$2,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,445
Total Expenses
$1,918
Mortgage P&I
87%
$1,260
Property Taxes
14%
$203
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0