This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $48,069 initial cash invested.
-7.94%
Cash On Cash
5.58%
Cap Rate
0.82
DSCR
$1,726
Rent
-$318
Cashflow
Cash Flow
$1,726 income − $2,044 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,069
Downpayment
20%
$45,780
Closing costs
1%
$2,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,726
Total Expenses
$2,044
Mortgage P&I
75%
$1,296
Property Taxes
13%
$219
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0