This property looks like a bad Long-Term investment with a projected -6.85% first-year return on $46,956 initial cash invested.
-6.85%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$1,549
Rent
-$268
Cashflow
Cash Flow
$1,549 income − $1,817 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,956
Downpayment
20%
$44,720
Closing costs
1%
$2,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,549
Total Expenses
$1,817
Mortgage P&I
78%
$1,211
Property Taxes
7%
$116
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0