This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $49,833 initial cash invested.
-9.51%
Cash On Cash
4.48%
Cap Rate
0.73
DSCR
$1,454
Rent
-$395
Cashflow
Cash Flow
$1,454 income − $1,849 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,833
Downpayment
20%
$47,460
Closing costs
1%
$2,373
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,454
Total Expenses
$1,849
Mortgage P&I
83%
$1,207
Property Taxes
9%
$136
Home Insurance
9%
$128
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0