This property looks like a bad Long-Term investment with a projected -3.55% first-year return on $48,006 initial cash invested.
-3.55%
Cash On Cash
6.45%
Cap Rate
0.96
DSCR
$1,833
Rent
-$142
Cashflow
Cash Flow
$1,833 income − $1,975 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,833
Total Expenses
$1,975
Mortgage P&I
70%
$1,279
Property Taxes
7%
$133
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0