This property looks like a bad Long-Term investment with a projected -7.07% first-year return on $47,859 initial cash invested.
-7.07%
Cash On Cash
5.74%
Cap Rate
0.85
DSCR
$1,684
Rent
-$282
Cashflow
Cash Flow
$1,684 income − $1,966 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,859
Downpayment
20%
$45,580
Closing costs
1%
$2,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,684
Total Expenses
$1,966
Mortgage P&I
76%
$1,288
Property Taxes
9%
$159
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0