This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $48,300 initial cash invested.
-10.71%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$1,530
Rent
-$431
Cashflow
Cash Flow
$1,530 income − $1,961 expenses = $431 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
$1,530
Total Expenses
$1,961
Mortgage P&I
81%
$1,238
Property Taxes
16%
$246
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0