This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $48,290 initial cash invested.
-14.29%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$1,739
Rent
-$575
Cashflow
Cash Flow
$1,739 income − $2,314 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,290
Downpayment
20%
$45,990
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,739
Total Expenses
$2,314
Mortgage P&I
74%
$1,288
Property Taxes
28%
$494
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0