This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $47,397 initial cash invested.
-10.61%
Cash On Cash
4.92%
Cap Rate
0.74
DSCR
$1,896
Rent
-$419
Cashflow
Cash Flow
$1,896 income − $2,315 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,397
Downpayment
20%
$45,140
Closing costs
1%
$2,257
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,896
Total Expenses
$2,315
Mortgage P&I
66%
$1,249
Property Taxes
26%
$493
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0