This property looks like a bad Long-Term investment with a projected -2.2% first-year return on $48,993 initial cash invested.
-2.2%
Cash On Cash
6.75%
Cap Rate
1.01
DSCR
$2,090
Rent
-$90
Cashflow
Cash Flow
$2,090 income − $2,180 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,993
Downpayment
20%
$46,660
Closing costs
1%
$2,333
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,090
Total Expenses
$2,180
Mortgage P&I
62%
$1,299
Property Taxes
13%
$263
Home Insurance
4%
$76
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0