This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $48,300 initial cash invested.
-18.41%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$885
Rent
-$741
Cashflow
Cash Flow
$885 income − $1,626 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$885
Total Expenses
$1,626
Mortgage P&I
140%
$1,237
Property Taxes
9%
$80
Home Insurance
9%
$80
HOA
0%
$0
Property Management
10%
$88
CapEx
5%
$44
Vacancy
6%
$53
Maintenance
5%
$44
Other
0%
$0