This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $47,439 initial cash invested.
-13.53%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$1,238
Rent
-$535
Cashflow
Cash Flow
$1,238 income − $1,773 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,439
Downpayment
20%
$45,180
Closing costs
1%
$2,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,238
Total Expenses
$1,773
Mortgage P&I
100%
$1,244
Property Taxes
10%
$128
Home Insurance
6%
$79
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0