This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $47,124 initial cash invested.
-9.52%
Cash On Cash
5.1%
Cap Rate
0.76
DSCR
$1,589
Rent
-$374
Cashflow
Cash Flow
$1,589 income − $1,963 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,589
Total Expenses
$1,963
Mortgage P&I
79%
$1,249
Property Taxes
14%
$222
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0