This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $48,615 initial cash invested.
-14.27%
Cash On Cash
4.19%
Cap Rate
0.62
DSCR
$1,630
Rent
-$578
Cashflow
Cash Flow
$1,630 income − $2,208 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,615
Downpayment
20%
$46,300
Closing costs
1%
$2,315
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,630
Total Expenses
$2,208
Mortgage P&I
80%
$1,305
Property Taxes
24%
$396
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0