This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $48,153 initial cash invested.
-4.24%
Cash On Cash
6.56%
Cap Rate
0.96
DSCR
$2,376
Rent
-$170
Cashflow
Cash Flow
$2,376 income − $2,546 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,153
Downpayment
20%
$45,860
Closing costs
1%
$2,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$2,546
Mortgage P&I
55%
$1,304
Property Taxes
23%
$543
Home Insurance
3%
$80
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0