This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $48,279 initial cash invested.
-5.32%
Cash On Cash
6.13%
Cap Rate
0.9
DSCR
$1,771
Rent
-$214
Cashflow
Cash Flow
$1,771 income − $1,985 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,771
Total Expenses
$1,985
Mortgage P&I
73%
$1,299
Property Taxes
8%
$145
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0