This property looks like a bad Long-Term investment with a projected -3.52% first-year return on $47,376 initial cash invested.
-3.52%
Cash On Cash
6.52%
Cap Rate
0.96
DSCR
$1,860
Rent
-$139
Cashflow
Cash Flow
$1,860 income − $1,999 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,376
Downpayment
20%
$45,120
Closing costs
1%
$2,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$1,999
Mortgage P&I
68%
$1,272
Property Taxes
9%
$163
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0