This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $46,935 initial cash invested.
-12.94%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$1,232
Rent
-$506
Cashflow
Cash Flow
$1,232 income − $1,738 expenses = $506 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
$1,232
Total Expenses
$1,738
Mortgage P&I
100%
$1,236
Property Taxes
7%
$90
Home Insurance
7%
$91
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0