This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $47,796 initial cash invested.
-9.87%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$1,830
Rent
-$393
Cashflow
Cash Flow
$1,830 income − $2,223 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,796
Downpayment
20%
$45,520
Closing costs
1%
$2,276
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,830
Total Expenses
$2,223
Mortgage P&I
68%
$1,237
Property Taxes
13%
$234
Home Insurance
5%
$94
HOA
10%
$181
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0