This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $48,279 initial cash invested.
-5.99%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$1,700
Rent
-$241
Cashflow
Cash Flow
$1,700 income − $1,941 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$1,941
Mortgage P&I
75%
$1,270
Property Taxes
9%
$147
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0