This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $48,699 initial cash invested.
-8.85%
Cash On Cash
4.96%
Cap Rate
0.78
DSCR
$1,621
Rent
-$359
Cashflow
Cash Flow
$1,621 income − $1,980 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,699
Downpayment
20%
$46,380
Closing costs
1%
$2,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,621
Total Expenses
$1,980
Mortgage P&I
76%
$1,237
Property Taxes
15%
$238
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0