This property looks like a bad Long-Term investment with a projected -4.17% first-year return on $48,321 initial cash invested.
-4.17%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$1,897
Rent
-$168
Cashflow
Cash Flow
$1,897 income − $2,065 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,897
Total Expenses
$2,065
Mortgage P&I
66%
$1,249
Property Taxes
13%
$240
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0