This property looks like a bad Long-Term investment with a projected -0.25% first-year return on $48,594 initial cash invested.
-0.25%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$1,848
Rent
-$10
Cashflow
Cash Flow
$1,848 income − $1,858 expenses = $10 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,594
Downpayment
20%
$46,280
Closing costs
1%
$2,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,848
Total Expenses
$1,858
Mortgage P&I
69%
$1,275
Property Taxes
1%
$21
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0