This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $47,103 initial cash invested.
-5.32%
Cash On Cash
5.54%
Cap Rate
0.89
DSCR
$1,593
Rent
-$209
Cashflow
Cash Flow
$1,593 income − $1,802 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,103
Downpayment
20%
$44,860
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,593
Total Expenses
$1,802
Mortgage P&I
73%
$1,164
Property Taxes
9%
$143
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0