This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $48,384 initial cash invested.
-10.66%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$1,640
Rent
-$430
Cashflow
Cash Flow
$1,640 income − $2,070 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,384
Downpayment
20%
$46,080
Closing costs
1%
$2,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,640
Total Expenses
$2,070
Mortgage P&I
78%
$1,273
Property Taxes
18%
$289
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0