This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $47,880 initial cash invested.
-10.98%
Cash On Cash
4.77%
Cap Rate
0.71
DSCR
$1,409
Rent
-$438
Cashflow
Cash Flow
$1,409 income − $1,847 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,409
Total Expenses
$1,847
Mortgage P&I
90%
$1,275
Property Taxes
9%
$126
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$85
Maintenance
5%
$70
Other
0%
$0