This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $46,788 initial cash invested.
-6.16%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$1,818
Rent
-$240
Cashflow
Cash Flow
$1,818 income − $2,058 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,788
Downpayment
20%
$44,560
Closing costs
1%
$2,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,818
Total Expenses
$2,058
Mortgage P&I
69%
$1,247
Property Taxes
14%
$259
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0