This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $48,363 initial cash invested.
-8.39%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$1,572
Rent
-$338
Cashflow
Cash Flow
$1,572 income − $1,910 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,363
Downpayment
20%
$46,060
Closing costs
1%
$2,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,572
Total Expenses
$1,910
Mortgage P&I
81%
$1,272
Property Taxes
9%
$147
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0