This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $49,350 initial cash invested.
-12.6%
Cash On Cash
4.37%
Cap Rate
0.65
DSCR
$1,284
Rent
-$518
Cashflow
Cash Flow
$1,284 income − $1,802 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,284
Total Expenses
$1,802
Mortgage P&I
102%
$1,309
Property Taxes
4%
$55
Home Insurance
8%
$105
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0