This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $48,300 initial cash invested.
-7.5%
Cash On Cash
5.55%
Cap Rate
0.83
DSCR
$1,560
Rent
-$302
Cashflow
Cash Flow
$1,560 income − $1,862 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,560
Total Expenses
$1,862
Mortgage P&I
83%
$1,287
Property Taxes
6%
$89
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0