This property looks like a bad Long-Term investment with a projected -4.81% first-year return on $48,363 initial cash invested.
-4.81%
Cash On Cash
5.92%
Cap Rate
0.92
DSCR
$1,813
Rent
-$194
Cashflow
Cash Flow
$1,813 income − $2,007 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,363
Downpayment
20%
$46,060
Closing costs
1%
$2,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,813
Total Expenses
$2,007
Mortgage P&I
68%
$1,240
Property Taxes
12%
$215
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0