This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $48,216 initial cash invested.
-5.9%
Cash On Cash
6.02%
Cap Rate
0.89
DSCR
$1,797
Rent
-$237
Cashflow
Cash Flow
$1,797 income − $2,034 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,797
Total Expenses
$2,034
Mortgage P&I
72%
$1,298
Property Taxes
10%
$186
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0