This property looks like a bad Long-Term investment with a projected -3.48% first-year return on $47,523 initial cash invested.
-3.48%
Cash On Cash
6.34%
Cap Rate
0.96
DSCR
$1,673
Rent
-$138
Cashflow
Cash Flow
$1,673 income − $1,811 expenses = $138 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,523
Downpayment
20%
$45,260
Closing costs
1%
$2,263
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,673
Total Expenses
$1,811
Mortgage P&I
75%
$1,250
Property Taxes
3%
$46
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0