This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $49,770 initial cash invested.
-16.32%
Cash On Cash
3.69%
Cap Rate
0.54
DSCR
$1,152
Rent
-$677
Cashflow
Cash Flow
$1,152 income − $1,829 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,152
Total Expenses
$1,829
Mortgage P&I
117%
$1,347
Property Taxes
9%
$99
Home Insurance
7%
$83
HOA
0%
$0
Property Management
10%
$115
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0