This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $48,090 initial cash invested.
-17.09%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$1,199
Rent
-$685
Cashflow
Cash Flow
$1,199 income − $1,884 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,199
Total Expenses
$1,884
Mortgage P&I
105%
$1,253
Property Taxes
20%
$239
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0