This property looks like a bad Long-Term investment with a projected -7.53% first-year return on $48,447 initial cash invested.
-7.53%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$1,627
Rent
-$304
Cashflow
Cash Flow
$1,627 income − $1,931 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,447
Downpayment
20%
$46,140
Closing costs
1%
$2,307
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,627
Total Expenses
$1,931
Mortgage P&I
76%
$1,230
Property Taxes
12%
$194
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0