This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $48,762 initial cash invested.
-10.9%
Cash On Cash
4.71%
Cap Rate
0.71
DSCR
$1,510
Rent
-$443
Cashflow
Cash Flow
$1,510 income − $1,953 expenses = $443 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
$1,510
Total Expenses
$1,953
Mortgage P&I
85%
$1,279
Property Taxes
12%
$178
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0