This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $48,657 initial cash invested.
-7.45%
Cash On Cash
5.63%
Cap Rate
0.84
DSCR
$1,846
Rent
-$302
Cashflow
Cash Flow
$1,846 income − $2,148 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,657
Downpayment
20%
$46,340
Closing costs
1%
$2,317
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,846
Total Expenses
$2,148
Mortgage P&I
70%
$1,298
Property Taxes
16%
$288
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0