This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $48,594 initial cash invested.
-10.05%
Cash On Cash
5.01%
Cap Rate
0.74
DSCR
$1,358
Rent
-$407
Cashflow
Cash Flow
$1,358 income − $1,765 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,594
Downpayment
20%
$46,280
Closing costs
1%
$2,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,358
Total Expenses
$1,765
Mortgage P&I
96%
$1,305
Property Taxes
2%
$25
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0