This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $48,531 initial cash invested.
-8.21%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$1,977
Rent
-$332
Cashflow
Cash Flow
$1,977 income − $2,309 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,531
Downpayment
20%
$46,220
Closing costs
1%
$2,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,977
Total Expenses
$2,309
Mortgage P&I
65%
$1,280
Property Taxes
22%
$444
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0