This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $47,040 initial cash invested.
-6.1%
Cash On Cash
5.59%
Cap Rate
0.87
DSCR
$1,576
Rent
-$239
Cashflow
Cash Flow
$1,576 income − $1,815 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,576
Total Expenses
$1,815
Mortgage P&I
76%
$1,203
Property Taxes
8%
$123
Home Insurance
5%
$78
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0