This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $49,035 initial cash invested.
-7.54%
Cash On Cash
5.63%
Cap Rate
0.84
DSCR
$2,085
Rent
-$308
Cashflow
Cash Flow
$2,085 income − $2,393 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,035
Downpayment
20%
$46,700
Closing costs
1%
$2,335
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,085
Total Expenses
$2,393
Mortgage P&I
62%
$1,300
Property Taxes
23%
$479
Home Insurance
4%
$73
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0