This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $47,544 initial cash invested.
-4.24%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$1,790
Rent
-$168
Cashflow
Cash Flow
$1,790 income − $1,958 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,544
Downpayment
20%
$45,280
Closing costs
1%
$2,264
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,790
Total Expenses
$1,958
Mortgage P&I
69%
$1,239
Property Taxes
10%
$175
Home Insurance
4%
$78
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0