This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $49,665 initial cash invested.
-6.64%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$1,698
Rent
-$275
Cashflow
Cash Flow
$1,698 income − $1,973 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,665
Downpayment
20%
$47,300
Closing costs
1%
$2,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,698
Total Expenses
$1,973
Mortgage P&I
76%
$1,292
Property Taxes
9%
$155
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0