This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $49,203 initial cash invested.
-7.71%
Cash On Cash
5.58%
Cap Rate
0.82
DSCR
$1,612
Rent
-$316
Cashflow
Cash Flow
$1,612 income − $1,928 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,203
Downpayment
20%
$46,860
Closing costs
1%
$2,343
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,612
Total Expenses
$1,928
Mortgage P&I
82%
$1,324
Property Taxes
6%
$102
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0