This property looks like a bad Long-Term investment with a projected -2.44% first-year return on $49,749 initial cash invested.
-2.44%
Cash On Cash
6.36%
Cap Rate
0.99
DSCR
$1,826
Rent
-$101
Cashflow
Cash Flow
$1,826 income − $1,927 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,749
Downpayment
20%
$47,380
Closing costs
1%
$2,369
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$1,927
Mortgage P&I
69%
$1,265
Property Taxes
4%
$67
Home Insurance
6%
$112
HOA
0%
$8
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0