This property looks like a bad Long-Term investment with a projected -1.3% first-year return on $48,006 initial cash invested.
-1.3%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$1,930
Rent
-$52
Cashflow
Cash Flow
$1,930 income − $1,982 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$1,982
Mortgage P&I
66%
$1,280
Property Taxes
6%
$124
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0