This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $49,350 initial cash invested.
-17.09%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$1,508
Rent
-$703
Cashflow
Cash Flow
$1,508 income − $2,211 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,508
Total Expenses
$2,211
Mortgage P&I
85%
$1,286
Property Taxes
30%
$452
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0