This property looks like a bad Long-Term investment with a projected -11% first-year return on $49,329 initial cash invested.
-11%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$1,792
Rent
-$452
Cashflow
Cash Flow
$1,792 income − $2,244 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,329
Downpayment
20%
$46,980
Closing costs
1%
$2,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,792
Total Expenses
$2,244
Mortgage P&I
70%
$1,263
Property Taxes
24%
$432
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0