This property looks like a bad Long-Term investment with a projected -3.23% first-year return on $47,124 initial cash invested.
-3.23%
Cash On Cash
6.28%
Cap Rate
0.97
DSCR
$1,892
Rent
-$127
Cashflow
Cash Flow
$1,892 income − $2,019 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,124
Downpayment
20%
$44,880
Closing costs
1%
$2,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$2,019
Mortgage P&I
64%
$1,206
Property Taxes
12%
$236
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0