This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $48,594 initial cash invested.
-9.73%
Cash On Cash
4.97%
Cap Rate
0.76
DSCR
$1,734
Rent
-$394
Cashflow
Cash Flow
$1,734 income − $2,128 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,594
Downpayment
20%
$46,280
Closing costs
1%
$2,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,734
Total Expenses
$2,128
Mortgage P&I
73%
$1,265
Property Taxes
19%
$326
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0