This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $48,720 initial cash invested.
-11.18%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$1,492
Rent
-$454
Cashflow
Cash Flow
$1,492 income − $1,946 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,720
Downpayment
20%
$46,400
Closing costs
1%
$2,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,492
Total Expenses
$1,946
Mortgage P&I
84%
$1,250
Property Taxes
15%
$224
Home Insurance
6%
$83
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0