This property looks like a bad Long-Term investment with a projected -4.92% first-year return on $48,279 initial cash invested.
-4.92%
Cash On Cash
6.1%
Cap Rate
0.92
DSCR
$1,834
Rent
-$198
Cashflow
Cash Flow
$1,834 income − $2,032 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,834
Total Expenses
$2,032
Mortgage P&I
69%
$1,274
Property Taxes
11%
$201
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0