This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $48,573 initial cash invested.
-7.31%
Cash On Cash
5.71%
Cap Rate
0.84
DSCR
$1,787
Rent
-$296
Cashflow
Cash Flow
$1,787 income − $2,083 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,573
Downpayment
20%
$46,260
Closing costs
1%
$2,313
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,787
Total Expenses
$2,083
Mortgage P&I
73%
$1,308
Property Taxes
8%
$144
Home Insurance
5%
$82
HOA
5%
$85
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0