This property looks like a bad Long-Term investment with a projected -3.27% first-year return on $46,977 initial cash invested.
-3.27%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$1,868
Rent
-$128
Cashflow
Cash Flow
$1,868 income − $1,996 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,868
Total Expenses
$1,996
Mortgage P&I
65%
$1,214
Property Taxes
9%
$166
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0