This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $48,615 initial cash invested.
-11.01%
Cash On Cash
4.45%
Cap Rate
0.7
DSCR
$1,455
Rent
-$446
Cashflow
Cash Flow
$1,455 income − $1,901 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,615
Downpayment
20%
$46,300
Closing costs
1%
$2,315
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,455
Total Expenses
$1,901
Mortgage P&I
85%
$1,232
Property Taxes
14%
$207
Home Insurance
6%
$83
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0