This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $48,300 initial cash invested.
-18.68%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$1,107
Rent
-$752
Cashflow
Cash Flow
$1,107 income − $1,859 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,107
Total Expenses
$1,859
Mortgage P&I
115%
$1,271
Property Taxes
20%
$221
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$111
CapEx
5%
$55
Vacancy
6%
$66
Maintenance
5%
$55
Other
0%
$0