This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $49,665 initial cash invested.
-13.29%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$1,484
Rent
-$550
Cashflow
Cash Flow
$1,484 income − $2,034 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,665
Downpayment
20%
$47,300
Closing costs
1%
$2,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,484
Total Expenses
$2,034
Mortgage P&I
89%
$1,323
Property Taxes
16%
$241
Home Insurance
6%
$85
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0