This property looks like a bad Long-Term investment with a projected -0.05% first-year return on $48,279 initial cash invested.
-0.05%
Cash On Cash
7.32%
Cap Rate
1.08
DSCR
$2,054
Rent
-$2
Cashflow
Cash Flow
$2,054 income − $2,056 expenses = $2 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$2,056
Mortgage P&I
63%
$1,302
Property Taxes
7%
$140
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0