This property looks like a bad Long-Term investment with a projected -0.54% first-year return on $48,804 initial cash invested.
-0.54%
Cash On Cash
6.88%
Cap Rate
1.06
DSCR
$2,015
Rent
-$22
Cashflow
Cash Flow
$2,015 income − $2,037 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,804
Downpayment
20%
$46,480
Closing costs
1%
$2,324
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,037
Mortgage P&I
62%
$1,253
Property Taxes
9%
$175
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0