This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $47,523 initial cash invested.
-5.93%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$1,777
Rent
-$235
Cashflow
Cash Flow
$1,777 income − $2,012 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,523
Downpayment
20%
$45,260
Closing costs
1%
$2,263
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,777
Total Expenses
$2,012
Mortgage P&I
68%
$1,204
Property Taxes
15%
$266
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0