This property looks like a bad Long-Term investment with a projected -16.76% first-year return on $47,397 initial cash invested.
-16.76%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$1,834
Rent
-$662
Cashflow
Cash Flow
$1,834 income − $2,496 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,397
Downpayment
20%
$45,140
Closing costs
1%
$2,257
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,834
Total Expenses
$2,496
Mortgage P&I
65%
$1,191
Property Taxes
41%
$748
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0