This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $48,405 initial cash invested.
-15.92%
Cash On Cash
3.27%
Cap Rate
0.52
DSCR
$1,228
Rent
-$642
Cashflow
Cash Flow
$1,228 income − $1,870 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,405
Downpayment
20%
$46,100
Closing costs
1%
$2,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,228
Total Expenses
$1,870
Mortgage P&I
98%
$1,209
Property Taxes
21%
$260
Home Insurance
7%
$82
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0