This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $47,628 initial cash invested.
-7.94%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$1,523
Rent
-$315
Cashflow
Cash Flow
$1,523 income − $1,838 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,628
Downpayment
20%
$45,360
Closing costs
1%
$2,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,523
Total Expenses
$1,838
Mortgage P&I
82%
$1,248
Property Taxes
8%
$115
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0