This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $47,775 initial cash invested.
-14.89%
Cash On Cash
3.89%
Cap Rate
0.58
DSCR
$1,349
Rent
-$593
Cashflow
Cash Flow
$1,349 income − $1,942 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,775
Downpayment
20%
$45,500
Closing costs
1%
$2,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,349
Total Expenses
$1,942
Mortgage P&I
94%
$1,263
Property Taxes
17%
$224
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0