This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $47,964 initial cash invested.
-9.08%
Cash On Cash
5.22%
Cap Rate
0.77
DSCR
$1,383
Rent
-$363
Cashflow
Cash Flow
$1,383 income − $1,746 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,383
Total Expenses
$1,746
Mortgage P&I
93%
$1,288
Property Taxes
1%
$17
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0