This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $48,237 initial cash invested.
-9.55%
Cash On Cash
5.14%
Cap Rate
0.76
DSCR
$1,398
Rent
-$384
Cashflow
Cash Flow
$1,398 income − $1,782 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,237
Downpayment
20%
$45,940
Closing costs
1%
$2,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,398
Total Expenses
$1,782
Mortgage P&I
93%
$1,298
Property Taxes
2%
$32
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0