This property looks like a bad Long-Term investment with a projected -3.18% first-year return on $49,770 initial cash invested.
-3.18%
Cash On Cash
6.16%
Cap Rate
0.96
DSCR
$1,747
Rent
-$132
Cashflow
Cash Flow
$1,747 income − $1,879 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,770
Downpayment
20%
$47,400
Closing costs
1%
$2,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,747
Total Expenses
$1,879
Mortgage P&I
72%
$1,262
Property Taxes
4%
$65
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0