This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $48,090 initial cash invested.
-11.73%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$1,826
Rent
-$470
Cashflow
Cash Flow
$1,826 income − $2,296 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$2,296
Mortgage P&I
70%
$1,276
Property Taxes
25%
$465
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0