This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $47,964 initial cash invested.
-10.36%
Cash On Cash
5%
Cap Rate
0.73
DSCR
$1,411
Rent
-$414
Cashflow
Cash Flow
$1,411 income − $1,825 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,411
Total Expenses
$1,825
Mortgage P&I
92%
$1,294
Property Taxes
6%
$79
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0