This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $48,300 initial cash invested.
-5.32%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$1,818
Rent
-$214
Cashflow
Cash Flow
$1,818 income − $2,032 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,818
Total Expenses
$2,032
Mortgage P&I
68%
$1,239
Property Taxes
13%
$240
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0