This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $48,090 initial cash invested.
-17.52%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$1,059
Rent
-$702
Cashflow
Cash Flow
$1,059 income − $1,761 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,059
Total Expenses
$1,761
Mortgage P&I
119%
$1,262
Property Taxes
14%
$143
Home Insurance
8%
$80
HOA
0%
$0
Property Management
10%
$106
CapEx
5%
$53
Vacancy
6%
$64
Maintenance
5%
$53
Other
0%
$0