This property looks like a bad Long-Term investment with a projected -9.48% first-year return on $48,237 initial cash invested.
-9.48%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$1,401
Rent
-$381
Cashflow
Cash Flow
$1,401 income − $1,782 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,237
Downpayment
20%
$45,940
Closing costs
1%
$2,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,401
Total Expenses
$1,782
Mortgage P&I
91%
$1,281
Property Taxes
4%
$55
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0