This property looks like a bad Long-Term investment with a projected -5.79% first-year return on $48,489 initial cash invested.
-5.79%
Cash On Cash
5.85%
Cap Rate
0.88
DSCR
$1,665
Rent
-$234
Cashflow
Cash Flow
$1,665 income − $1,899 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,489
Downpayment
20%
$46,180
Closing costs
1%
$2,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,665
Total Expenses
$1,899
Mortgage P&I
77%
$1,277
Property Taxes
7%
$116
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0