This property looks like a bad Long-Term investment with a projected -3.54% first-year return on $48,804 initial cash invested.
-3.54%
Cash On Cash
6.5%
Cap Rate
0.97
DSCR
$2,164
Rent
-$144
Cashflow
Cash Flow
$2,164 income − $2,308 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,804
Downpayment
20%
$46,480
Closing costs
1%
$2,324
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$2,308
Mortgage P&I
60%
$1,294
Property Taxes
15%
$331
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0