This property looks like a bad Long-Term investment with a projected -4% first-year return on $48,258 initial cash invested.
-4%
Cash On Cash
5.98%
Cap Rate
0.95
DSCR
$1,902
Rent
-$161
Cashflow
Cash Flow
$1,902 income − $2,063 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,258
Downpayment
20%
$45,960
Closing costs
1%
$2,298
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,902
Total Expenses
$2,063
Mortgage P&I
64%
$1,211
Property Taxes
14%
$270
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0