This property looks like a bad Long-Term investment with a projected -3.79% first-year return on $46,914 initial cash invested.
-3.79%
Cash On Cash
6.16%
Cap Rate
0.95
DSCR
$1,761
Rent
-$148
Cashflow
Cash Flow
$1,761 income − $1,909 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,914
Downpayment
20%
$44,680
Closing costs
1%
$2,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,761
Total Expenses
$1,909
Mortgage P&I
68%
$1,206
Property Taxes
9%
$166
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0