This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $48,468 initial cash invested.
-11.88%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$1,424
Rent
-$480
Cashflow
Cash Flow
$1,424 income − $1,904 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,468
Downpayment
20%
$46,160
Closing costs
1%
$2,308
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,424
Total Expenses
$1,904
Mortgage P&I
90%
$1,275
Property Taxes
12%
$176
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0