This property looks like a bad Long-Term investment with a projected -2.75% first-year return on $47,964 initial cash invested.
-2.75%
Cash On Cash
6.38%
Cap Rate
0.98
DSCR
$1,818
Rent
-$110
Cashflow
Cash Flow
$1,818 income − $1,928 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,818
Total Expenses
$1,928
Mortgage P&I
68%
$1,233
Property Taxes
8%
$140
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0