This property looks like a bad Long-Term investment with a projected -7.26% first-year return on $47,628 initial cash invested.
-7.26%
Cash On Cash
5.44%
Cap Rate
0.83
DSCR
$1,589
Rent
-$288
Cashflow
Cash Flow
$1,589 income − $1,877 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,628
Downpayment
20%
$45,360
Closing costs
1%
$2,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,589
Total Expenses
$1,877
Mortgage P&I
78%
$1,238
Property Taxes
9%
$145
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0