This property looks like a bad Long-Term investment with a projected -1.66% first-year return on $48,321 initial cash invested.
-1.66%
Cash On Cash
6.91%
Cap Rate
1.02
DSCR
$1,869
Rent
-$67
Cashflow
Cash Flow
$1,869 income − $1,936 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,321
Downpayment
20%
$46,020
Closing costs
1%
$2,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,869
Total Expenses
$1,936
Mortgage P&I
70%
$1,299
Property Taxes
4%
$70
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0