This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $46,851 initial cash invested.
-11.09%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$1,634
Rent
-$433
Cashflow
Cash Flow
$1,634 income − $2,067 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,851
Downpayment
20%
$44,620
Closing costs
1%
$2,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,634
Total Expenses
$2,067
Mortgage P&I
76%
$1,236
Property Taxes
20%
$326
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0