This property looks like a bad Long-Term investment with a projected -5.1% first-year return on $48,279 initial cash invested.
-5.1%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$1,635
Rent
-$205
Cashflow
Cash Flow
$1,635 income − $1,840 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,635
Total Expenses
$1,840
Mortgage P&I
76%
$1,244
Property Taxes
6%
$90
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0