This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $47,628 initial cash invested.
-7.61%
Cash On Cash
5.48%
Cap Rate
0.82
DSCR
$1,623
Rent
-$302
Cashflow
Cash Flow
$1,623 income − $1,925 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,628
Downpayment
20%
$45,360
Closing costs
1%
$2,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,623
Total Expenses
$1,925
Mortgage P&I
77%
$1,256
Property Taxes
9%
$150
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0