This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $47,943 initial cash invested.
-13.59%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$1,476
Rent
-$543
Cashflow
Cash Flow
$1,476 income − $2,019 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,476
Total Expenses
$2,019
Mortgage P&I
82%
$1,217
Property Taxes
23%
$337
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0