This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $48,216 initial cash invested.
-9.51%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$1,511
Rent
-$382
Cashflow
Cash Flow
$1,511 income − $1,893 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,216
Downpayment
20%
$45,920
Closing costs
1%
$2,296
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,511
Total Expenses
$1,893
Mortgage P&I
82%
$1,242
Property Taxes
12%
$175
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0