This property looks like a bad Long-Term investment with a projected -5.43% first-year return on $46,872 initial cash invested.
-5.43%
Cash On Cash
6.05%
Cap Rate
0.91
DSCR
$2,137
Rent
-$212
Cashflow
Cash Flow
$2,137 income − $2,349 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,872
Downpayment
20%
$44,640
Closing costs
1%
$2,232
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,137
Total Expenses
$2,349
Mortgage P&I
58%
$1,231
Property Taxes
23%
$483
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0