This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $47,103 initial cash invested.
-10.5%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$1,572
Rent
-$412
Cashflow
Cash Flow
$1,572 income − $1,984 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,103
Downpayment
20%
$44,860
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,572
Total Expenses
$1,984
Mortgage P&I
80%
$1,262
Property Taxes
15%
$234
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0