This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $48,300 initial cash invested.
-4.37%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$1,681
Rent
-$176
Cashflow
Cash Flow
$1,681 income − $1,857 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,681
Total Expenses
$1,857
Mortgage P&I
76%
$1,281
Property Taxes
4%
$59
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0