This property looks like a bad Long-Term investment with a projected -2.58% first-year return on $49,350 initial cash invested.
-2.58%
Cash On Cash
6.31%
Cap Rate
0.99
DSCR
$1,767
Rent
-$106
Cashflow
Cash Flow
$1,767 income − $1,873 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,767
Total Expenses
$1,873
Mortgage P&I
71%
$1,253
Property Taxes
4%
$79
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0