This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $49,707 initial cash invested.
-9.34%
Cash On Cash
5.25%
Cap Rate
0.77
DSCR
$1,637
Rent
-$387
Cashflow
Cash Flow
$1,637 income − $2,024 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,707
Downpayment
20%
$47,340
Closing costs
1%
$2,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,637
Total Expenses
$2,024
Mortgage P&I
82%
$1,340
Property Taxes
11%
$174
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0