This property looks like a bad Long-Term investment with a projected -7.68% first-year return on $49,350 initial cash invested.
-7.68%
Cash On Cash
5.64%
Cap Rate
0.84
DSCR
$2,073
Rent
-$316
Cashflow
Cash Flow
$2,073 income − $2,389 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,073
Total Expenses
$2,389
Mortgage P&I
63%
$1,316
Property Taxes
22%
$452
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0