This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $46,746 initial cash invested.
-10.09%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$1,556
Rent
-$393
Cashflow
Cash Flow
$1,556 income − $1,949 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,746
Downpayment
20%
$44,520
Closing costs
1%
$2,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$1,949
Mortgage P&I
80%
$1,239
Property Taxes
15%
$226
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0