This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $49,833 initial cash invested.
-4.6%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$1,878
Rent
-$191
Cashflow
Cash Flow
$1,878 income − $2,069 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,833
Downpayment
20%
$47,460
Closing costs
1%
$2,373
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,878
Total Expenses
$2,069
Mortgage P&I
69%
$1,300
Property Taxes
8%
$141
Home Insurance
5%
$91
HOA
3%
$48
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0