This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $49,035 initial cash invested.
-10.25%
Cash On Cash
5.05%
Cap Rate
0.74
DSCR
$1,426
Rent
-$419
Cashflow
Cash Flow
$1,426 income − $1,845 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,035
Downpayment
20%
$46,700
Closing costs
1%
$2,335
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,426
Total Expenses
$1,845
Mortgage P&I
93%
$1,330
Property Taxes
4%
$60
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0