This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $48,279 initial cash invested.
-7.48%
Cash On Cash
5.67%
Cap Rate
0.84
DSCR
$1,898
Rent
-$301
Cashflow
Cash Flow
$1,898 income − $2,199 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,199
Mortgage P&I
68%
$1,292
Property Taxes
18%
$333
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0