This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $47,985 initial cash invested.
-9.93%
Cash On Cash
4.79%
Cap Rate
0.74
DSCR
$1,570
Rent
-$397
Cashflow
Cash Flow
$1,570 income − $1,967 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,985
Downpayment
20%
$45,700
Closing costs
1%
$2,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,570
Total Expenses
$1,967
Mortgage P&I
78%
$1,232
Property Taxes
15%
$240
Home Insurance
5%
$80
HOA
1%
$8
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0