This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $47,691 initial cash invested.
-12.23%
Cash On Cash
4.57%
Cap Rate
0.67
DSCR
$1,312
Rent
-$486
Cashflow
Cash Flow
$1,312 income − $1,798 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,691
Downpayment
20%
$45,420
Closing costs
1%
$2,271
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,312
Total Expenses
$1,798
Mortgage P&I
98%
$1,285
Property Taxes
7%
$91
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0