This property looks like a bad Long-Term investment with a projected -18.94% first-year return on $48,090 initial cash invested.
-18.94%
Cash On Cash
3.12%
Cap Rate
0.46
DSCR
$1,067
Rent
-$759
Cashflow
Cash Flow
$1,067 income − $1,826 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,067
Total Expenses
$1,826
Mortgage P&I
122%
$1,301
Property Taxes
16%
$168
Home Insurance
8%
$80
HOA
0%
$0
Property Management
10%
$107
CapEx
5%
$53
Vacancy
6%
$64
Maintenance
5%
$53
Other
0%
$0