This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $48,279 initial cash invested.
-7.75%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$1,744
Rent
-$312
Cashflow
Cash Flow
$1,744 income − $2,056 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,744
Total Expenses
$2,056
Mortgage P&I
72%
$1,249
Property Taxes
16%
$274
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0