This property looks like a bad Long-Term investment with a projected -4.59% first-year return on $49,140 initial cash invested.
-4.59%
Cash On Cash
6.19%
Cap Rate
0.92
DSCR
$1,747
Rent
-$188
Cashflow
Cash Flow
$1,747 income − $1,935 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,747
Total Expenses
$1,935
Mortgage P&I
75%
$1,309
Property Taxes
5%
$90
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0