This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $46,788 initial cash invested.
-13.16%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$1,717
Rent
-$513
Cashflow
Cash Flow
$1,717 income − $2,230 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,788
Downpayment
20%
$44,560
Closing costs
1%
$2,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,717
Total Expenses
$2,230
Mortgage P&I
71%
$1,223
Property Taxes
28%
$474
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0