This property looks like a bad Long-Term investment with a projected -6.98% first-year return on $48,300 initial cash invested.
-6.98%
Cash On Cash
5.62%
Cap Rate
0.86
DSCR
$2,106
Rent
-$281
Cashflow
Cash Flow
$2,106 income − $2,387 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,106
Total Expenses
$2,387
Mortgage P&I
60%
$1,254
Property Taxes
24%
$506
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0