This property looks like a bad Long-Term investment with a projected -13.12% first-year return on $46,725 initial cash invested.
-13.12%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$1,281
Rent
-$511
Cashflow
Cash Flow
$1,281 income − $1,792 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,725
Downpayment
20%
$44,500
Closing costs
1%
$2,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,281
Total Expenses
$1,792
Mortgage P&I
96%
$1,229
Property Taxes
12%
$150
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0