This property looks like a bad Long-Term investment with a projected -1.32% first-year return on $48,279 initial cash invested.
-1.32%
Cash On Cash
6.77%
Cap Rate
1.04
DSCR
$1,960
Rent
-$53
Cashflow
Cash Flow
$1,960 income − $2,013 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,960
Total Expenses
$2,013
Mortgage P&I
64%
$1,252
Property Taxes
9%
$171
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0