This property looks like a bad Long-Term investment with a projected -22.84% first-year return on $48,279 initial cash invested.
-22.84%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$1,528
Rent
-$919
Cashflow
Cash Flow
$1,528 income − $2,447 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,528
Total Expenses
$2,447
Mortgage P&I
84%
$1,291
Property Taxes
44%
$679
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0