This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $48,279 initial cash invested.
-12.1%
Cash On Cash
4.61%
Cap Rate
0.68
DSCR
$1,437
Rent
-$487
Cashflow
Cash Flow
$1,437 income − $1,924 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,437
Total Expenses
$1,924
Mortgage P&I
90%
$1,299
Property Taxes
12%
$171
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0