This property looks like a bad Long-Term investment with a projected -1.32% first-year return on $48,279 initial cash invested.
-1.32%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$1,862
Rent
-$53
Cashflow
Cash Flow
$1,862 income − $1,915 expenses = $53 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
$1,862
Total Expenses
$1,915
Mortgage P&I
66%
$1,231
Property Taxes
6%
$120
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0