This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $47,418 initial cash invested.
-5.87%
Cash On Cash
5.7%
Cap Rate
0.89
DSCR
$1,869
Rent
-$232
Cashflow
Cash Flow
$1,869 income − $2,101 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,418
Downpayment
20%
$45,160
Closing costs
1%
$2,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,869
Total Expenses
$2,101
Mortgage P&I
65%
$1,212
Property Taxes
17%
$324
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0