This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $47,833 initial cash invested.
-16.83%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$1,278
Rent
-$671
Cashflow
Cash Flow
$1,278 income − $1,949 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,833
Downpayment
20%
$45,555
Closing costs
1%
$2,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,278
Total Expenses
$1,949
Mortgage P&I
97%
$1,234
Property Taxes
24%
$302
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0