This property looks like a bad Long-Term investment with a projected -2.7% first-year return on $49,791 initial cash invested.
-2.7%
Cash On Cash
6.65%
Cap Rate
1
DSCR
$2,310
Rent
-$112
Cashflow
Cash Flow
$2,310 income − $2,422 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,791
Downpayment
20%
$47,420
Closing costs
1%
$2,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$2,422
Mortgage P&I
57%
$1,310
Property Taxes
18%
$416
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0