This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $48,090 initial cash invested.
-7.84%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$1,621
Rent
-$314
Cashflow
Cash Flow
$1,621 income − $1,935 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,621
Total Expenses
$1,935
Mortgage P&I
77%
$1,242
Property Taxes
12%
$192
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0