This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $48,279 initial cash invested.
-11.81%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$1,214
Rent
-$475
Cashflow
Cash Flow
$1,214 income − $1,689 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,214
Total Expenses
$1,689
Mortgage P&I
102%
$1,239
Property Taxes
4%
$54
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0