This property looks like a bad Long-Term investment with a projected -5.53% first-year return on $48,153 initial cash invested.
-5.53%
Cash On Cash
5.35%
Cap Rate
0.88
DSCR
$1,633
Rent
-$222
Cashflow
Cash Flow
$1,633 income − $1,855 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,153
Downpayment
20%
$45,860
Closing costs
1%
$2,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,633
Total Expenses
$1,855
Mortgage P&I
71%
$1,163
Property Taxes
10%
$160
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0