This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $48,363 initial cash invested.
-11.22%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$1,471
Rent
-$452
Cashflow
Cash Flow
$1,471 income − $1,923 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,363
Downpayment
20%
$46,060
Closing costs
1%
$2,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,471
Total Expenses
$1,923
Mortgage P&I
87%
$1,280
Property Taxes
12%
$176
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0