This property looks like a bad Long-Term investment with a projected -4.61% first-year return on $48,909 initial cash invested.
-4.61%
Cash On Cash
5.87%
Cap Rate
0.91
DSCR
$1,650
Rent
-$188
Cashflow
Cash Flow
$1,650 income − $1,838 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$1,838
Mortgage P&I
76%
$1,246
Property Taxes
5%
$80
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0