This property looks like a bad Long-Term investment with a projected -3.03% first-year return on $49,077 initial cash invested.
-3.03%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$1,865
Rent
-$124
Cashflow
Cash Flow
$1,865 income − $1,989 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,077
Downpayment
20%
$46,740
Closing costs
1%
$2,337
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,865
Total Expenses
$1,989
Mortgage P&I
69%
$1,289
Property Taxes
7%
$132
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0