This property looks like a bad Long-Term investment with a projected -0.92% first-year return on $48,405 initial cash invested.
-0.92%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$2,271
Rent
-$37
Cashflow
Cash Flow
$2,271 income − $2,308 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,405
Downpayment
20%
$46,100
Closing costs
1%
$2,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,271
Total Expenses
$2,308
Mortgage P&I
56%
$1,263
Property Taxes
16%
$370
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0