This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $47,733 initial cash invested.
-7.69%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$2,003
Rent
-$306
Cashflow
Cash Flow
$2,003 income − $2,309 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,733
Downpayment
20%
$45,460
Closing costs
1%
$2,273
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,003
Total Expenses
$2,309
Mortgage P&I
63%
$1,258
Property Taxes
21%
$424
Home Insurance
4%
$82
HOA
1%
$25
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0