This property looks like a bad Long-Term investment with a projected -7.27% first-year return on $48,825 initial cash invested.
-7.27%
Cash On Cash
5.35%
Cap Rate
0.83
DSCR
$1,680
Rent
-$296
Cashflow
Cash Flow
$1,680 income − $1,976 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,825
Downpayment
20%
$46,500
Closing costs
1%
$2,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,680
Total Expenses
$1,976
Mortgage P&I
74%
$1,248
Property Taxes
12%
$206
Home Insurance
5%
$85
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0