This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $47,607 initial cash invested.
-8.37%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$1,685
Rent
-$332
Cashflow
Cash Flow
$1,685 income − $2,017 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,607
Downpayment
20%
$45,340
Closing costs
1%
$2,267
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,685
Total Expenses
$2,017
Mortgage P&I
75%
$1,259
Property Taxes
14%
$239
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0