This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $49,098 initial cash invested.
-12.49%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$1,349
Rent
-$511
Cashflow
Cash Flow
$1,349 income − $1,860 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,098
Downpayment
20%
$46,760
Closing costs
1%
$2,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,349
Total Expenses
$1,860
Mortgage P&I
94%
$1,262
Property Taxes
12%
$166
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0