This property looks like a bad Long-Term investment with a projected -5.6% first-year return on $48,216 initial cash invested.
-5.6%
Cash On Cash
5.52%
Cap Rate
0.88
DSCR
$1,525
Rent
-$225
Cashflow
Cash Flow
$1,525 income − $1,750 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,525
Total Expenses
$1,750
Mortgage P&I
79%
$1,206
Property Taxes
4%
$64
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0