This property looks like a bad Long-Term investment with a projected -4.43% first-year return on $47,375 initial cash invested.
-4.43%
Cash On Cash
6.24%
Cap Rate
0.93
DSCR
$1,700
Rent
-$175
Cashflow
Cash Flow
$1,700 income − $1,875 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,375
Downpayment
20%
$45,119
Closing costs
1%
$2,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$1,875
Mortgage P&I
74%
$1,263
Property Taxes
5%
$91
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0