This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $47,943 initial cash invested.
-9.99%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$1,514
Rent
-$399
Cashflow
Cash Flow
$1,514 income − $1,913 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,514
Total Expenses
$1,913
Mortgage P&I
83%
$1,261
Property Taxes
12%
$181
Home Insurance
5%
$77
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0