This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $48,279 initial cash invested.
-14.74%
Cash On Cash
4.02%
Cap Rate
0.59
DSCR
$1,219
Rent
-$593
Cashflow
Cash Flow
$1,219 income − $1,812 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,219
Total Expenses
$1,812
Mortgage P&I
107%
$1,303
Property Taxes
9%
$112
Home Insurance
7%
$80
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0