This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $47,901 initial cash invested.
-8.09%
Cash On Cash
5%
Cap Rate
0.8
DSCR
$1,576
Rent
-$323
Cashflow
Cash Flow
$1,576 income − $1,899 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,901
Downpayment
20%
$45,620
Closing costs
1%
$2,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,576
Total Expenses
$1,899
Mortgage P&I
76%
$1,194
Property Taxes
14%
$214
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0