This property looks like a bad Long-Term investment with a projected -6.32% first-year return on $47,649 initial cash invested.
-6.32%
Cash On Cash
6.03%
Cap Rate
0.88
DSCR
$2,019
Rent
-$251
Cashflow
Cash Flow
$2,019 income − $2,270 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,649
Downpayment
20%
$45,380
Closing costs
1%
$2,269
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,019
Total Expenses
$2,270
Mortgage P&I
64%
$1,290
Property Taxes
18%
$373
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0