This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $48,300 initial cash invested.
-11.2%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$1,555
Rent
-$451
Cashflow
Cash Flow
$1,555 income − $2,006 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,555
Total Expenses
$2,006
Mortgage P&I
82%
$1,273
Property Taxes
16%
$248
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0