This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $48,279 initial cash invested.
-6.93%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$1,594
Rent
-$279
Cashflow
Cash Flow
$1,594 income − $1,873 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,594
Total Expenses
$1,873
Mortgage P&I
81%
$1,284
Property Taxes
6%
$94
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0