This property looks like a bad Long-Term investment with a projected -2.97% first-year return on $46,935 initial cash invested.
-2.97%
Cash On Cash
6.52%
Cap Rate
0.98
DSCR
$1,747
Rent
-$116
Cashflow
Cash Flow
$1,747 income − $1,863 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,935
Downpayment
20%
$44,700
Closing costs
1%
$2,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,747
Total Expenses
$1,863
Mortgage P&I
71%
$1,243
Property Taxes
5%
$86
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0