This property looks like a bad Long-Term investment with a projected -6.35% first-year return on $49,350 initial cash invested.
-6.35%
Cash On Cash
5.72%
Cap Rate
0.86
DSCR
$1,685
Rent
-$261
Cashflow
Cash Flow
$1,685 income − $1,946 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,685
Total Expenses
$1,946
Mortgage P&I
77%
$1,298
Property Taxes
8%
$129
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0