This property looks like a bad Long-Term investment with a projected -5.62% first-year return on $48,468 initial cash invested.
-5.62%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$1,698
Rent
-$227
Cashflow
Cash Flow
$1,698 income − $1,925 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,468
Downpayment
20%
$46,160
Closing costs
1%
$2,308
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,698
Total Expenses
$1,925
Mortgage P&I
75%
$1,279
Property Taxes
8%
$144
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0