This property looks like a bad Long-Term investment with a projected -4.23% first-year return on $47,418 initial cash invested.
-4.23%
Cash On Cash
6.29%
Cap Rate
0.94
DSCR
$1,770
Rent
-$167
Cashflow
Cash Flow
$1,770 income − $1,937 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,418
Downpayment
20%
$45,160
Closing costs
1%
$2,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,770
Total Expenses
$1,937
Mortgage P&I
71%
$1,263
Property Taxes
8%
$135
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0