This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $48,090 initial cash invested.
-8.58%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$1,616
Rent
-$344
Cashflow
Cash Flow
$1,616 income − $1,960 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,616
Total Expenses
$1,960
Mortgage P&I
77%
$1,246
Property Taxes
13%
$213
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0