This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $48,405 initial cash invested.
-8.78%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$1,855
Rent
-$354
Cashflow
Cash Flow
$1,855 income − $2,209 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,405
Downpayment
20%
$46,100
Closing costs
1%
$2,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,855
Total Expenses
$2,209
Mortgage P&I
69%
$1,274
Property Taxes
20%
$368
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0