This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $48,090 initial cash invested.
-5.86%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$1,600
Rent
-$235
Cashflow
Cash Flow
$1,600 income − $1,835 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$1,835
Mortgage P&I
79%
$1,265
Property Taxes
5%
$74
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0