This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $48,321 initial cash invested.
-4.52%
Cash On Cash
5.87%
Cap Rate
0.93
DSCR
$2,010
Rent
-$182
Cashflow
Cash Flow
$2,010 income − $2,192 expenses = $182 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,321
Downpayment
20%
$46,020
Closing costs
1%
$2,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$2,192
Mortgage P&I
60%
$1,208
Property Taxes
20%
$392
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0