This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $47,775 initial cash invested.
-10.15%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$1,615
Rent
-$404
Cashflow
Cash Flow
$1,615 income − $2,019 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,775
Downpayment
20%
$45,500
Closing costs
1%
$2,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,615
Total Expenses
$2,019
Mortgage P&I
79%
$1,276
Property Taxes
15%
$238
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0