This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $48,636 initial cash invested.
-10.41%
Cash On Cash
4.51%
Cap Rate
0.72
DSCR
$1,806
Rent
-$422
Cashflow
Cash Flow
$1,806 income − $2,228 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,636
Downpayment
20%
$46,320
Closing costs
1%
$2,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,806
Total Expenses
$2,228
Mortgage P&I
67%
$1,202
Property Taxes
26%
$477
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0