This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $47,859 initial cash invested.
-10.03%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,708
Rent
-$400
Cashflow
Cash Flow
$1,708 income − $2,108 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,859
Downpayment
20%
$45,580
Closing costs
1%
$2,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,708
Total Expenses
$2,108
Mortgage P&I
73%
$1,247
Property Taxes
20%
$336
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0