This property looks like a bad Long-Term investment with a projected -5.95% first-year return on $48,825 initial cash invested.
-5.95%
Cash On Cash
5.7%
Cap Rate
0.87
DSCR
$1,690
Rent
-$242
Cashflow
Cash Flow
$1,690 income − $1,932 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,825
Downpayment
20%
$46,500
Closing costs
1%
$2,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$1,932
Mortgage P&I
75%
$1,262
Property Taxes
9%
$150
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0