This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $46,767 initial cash invested.
-6.75%
Cash On Cash
5.71%
Cap Rate
0.85
DSCR
$1,568
Rent
-$263
Cashflow
Cash Flow
$1,568 income − $1,831 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,767
Downpayment
20%
$44,540
Closing costs
1%
$2,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,568
Total Expenses
$1,831
Mortgage P&I
79%
$1,245
Property Taxes
5%
$81
Home Insurance
5%
$77
HOA
1%
$21
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0