This property looks like a bad Long-Term investment with a projected -3.77% first-year return on $48,762 initial cash invested.
-3.77%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$1,942
Rent
-$153
Cashflow
Cash Flow
$1,942 income − $2,095 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,762
Downpayment
20%
$46,440
Closing costs
1%
$2,322
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,942
Total Expenses
$2,095
Mortgage P&I
65%
$1,269
Property Taxes
12%
$235
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0