This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $48,027 initial cash invested.
-9.54%
Cash On Cash
5.22%
Cap Rate
0.77
DSCR
$1,668
Rent
-$382
Cashflow
Cash Flow
$1,668 income − $2,050 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,027
Downpayment
20%
$45,740
Closing costs
1%
$2,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,668
Total Expenses
$2,050
Mortgage P&I
78%
$1,294
Property Taxes
14%
$241
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0