This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $48,300 initial cash invested.
-7.9%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$1,374
Rent
-$318
Cashflow
Cash Flow
$1,374 income − $1,692 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,374
Total Expenses
$1,692
Mortgage P&I
91%
$1,252
Property Taxes
0%
$3
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0