This property looks like a bad Long-Term investment with a projected -4.08% first-year return on $46,767 initial cash invested.
-4.08%
Cash On Cash
5.82%
Cap Rate
0.93
DSCR
$1,584
Rent
-$159
Cashflow
Cash Flow
$1,584 income − $1,743 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,767
Downpayment
20%
$44,540
Closing costs
1%
$2,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,584
Total Expenses
$1,743
Mortgage P&I
73%
$1,161
Property Taxes
7%
$115
Home Insurance
4%
$56
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0