This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $47,922 initial cash invested.
-16.45%
Cash On Cash
3.57%
Cap Rate
0.53
DSCR
$1,173
Rent
-$657
Cashflow
Cash Flow
$1,173 income − $1,830 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,922
Downpayment
20%
$45,640
Closing costs
1%
$2,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,173
Total Expenses
$1,830
Mortgage P&I
109%
$1,276
Property Taxes
14%
$167
Home Insurance
7%
$82
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$59
Vacancy
6%
$70
Maintenance
5%
$59
Other
0%
$0