This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $49,350 initial cash invested.
-8.95%
Cash On Cash
5.23%
Cap Rate
0.78
DSCR
$1,488
Rent
-$368
Cashflow
Cash Flow
$1,488 income − $1,856 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,488
Total Expenses
$1,856
Mortgage P&I
89%
$1,318
Property Taxes
5%
$70
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0