This property looks like a bad Long-Term investment with a projected -4.02% first-year return on $48,615 initial cash invested.
-4.02%
Cash On Cash
6.3%
Cap Rate
0.94
DSCR
$1,768
Rent
-$163
Cashflow
Cash Flow
$1,768 income − $1,931 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,768
Total Expenses
$1,931
Mortgage P&I
73%
$1,290
Property Taxes
6%
$100
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0