This property looks like a bad Long-Term investment with a projected -2.24% first-year return on $48,237 initial cash invested.
-2.24%
Cash On Cash
6.32%
Cap Rate
1
DSCR
$1,729
Rent
-$90
Cashflow
Cash Flow
$1,729 income − $1,819 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,237
Downpayment
20%
$45,940
Closing costs
1%
$2,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,729
Total Expenses
$1,819
Mortgage P&I
70%
$1,213
Property Taxes
4%
$73
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0